RingFi follows the steps of Titano and Libero but takes it one step further with the release of wRING, a composable (Yield-farming compatible) version of RING that allows users to harvest on BSC dapps.
About RingFi
RIngFi has proudly deployed the world's first auto-staking composite token. It allows users to maximize profits by becoming the next generation DeFi release on BSC. The system helps to generate passive income in the easiest and most sustainable way. The token model behind it is an experimental approach to the concept of a "circular economy". It consists of an automatic staking feature by simply holding the token plus a fixed APY that is sustainable over time and backed by a reserve of funds.
Other protocols allow you to issue bonds that passively dilute your position and pass it on to bondholders ( reducing your market share). Thanks to the tax system, RingFi earns income from taxes, not bonds and when someone buys or sells, investors make a profit.
Other features of work:
| 1 | The $RING tokenomics and features help to make the project sustainable forever. |
| 2 | The rewards, received by $RING holders, come from a fee, charged to each user each time a $RING transaction is made, either through a buy or a sell. |
| 3 | This amount is accumulated in a special wallet and is intended to support $RING relocation rewards algorithmically. |
RingFi's competitive advantages are its unique mechanics, such as automatic liquidity every 24 hours and composability thanks to wRING, which allow users to get a farm and use it as collateral, while receiving rebases.
More about defi app
Every 24 hours, the Automatic Liquidity System (ALS) injects liquidity into the market. Each order to buy or sell is subject to a 4% tax fee. It is automatically stored in the Auto-LP wallet, and a mechanism, built into the protocol's smart contract, that intelligently takes 50% of the $RING amount, held in the wallet, and automatically buys BNB at the current market price. The remaining 50% of the $RING in the Auto-LP wallet will be used for the $RING liquidity side. This gives an equal weight of 50/50 to $RING/BNB, which then be automatically added as new additional liquidity to the wallet.