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Rikkei Finance is a Vietnamese DeFi startup, a team of industry experts who’re building a blockchain lending platform. We are using decentralised technology to innovate on old ideas like money lending, credit, and even insurance. The platform utilizes blockchain tech that enables cross-chain integration, meaning it can accept digital assets that operate on any blockchain network and render it at an equivalent rate, making it a real-time currency exchange network as well.
Rikkei Finance has attracted powerful names to its main team. RiFi was founded by Dang Thai Hoa and Vu Thanh Tung. Our main Advisor is John Ng Pangilinan, who is a managing partner at Signum Capital — the leading investor of project and Loi Luu, who is the CEO of Kyber Network. These two companies also helped secure Rikkei’s initial funding of $5.6 million. We also have experts from our end. Dang Bao Duc, Rikkei Finance’s CFO and a former Quantitative Researcher at Keebeck Alpha, is passionate about building a sustainable lending protocol with high-standard risk management that can enhance users’ experience and encourage greater participation.
The vision of the RiFi team is to build a very safe, solid and convenient protocol that makes lending easy and secure. One disadvantage of the current interest rate model is it makes borrowing more cost prohibitive in periods of low utilization rate. RiFi’s multi-kinked interest rate model makes the lending platform robust and sustainable.
The protocol lowers the interest rate to increase borrowing incentives and to encourage more people to step forward providing digital assets to lending, the platform rewards suppliers with RiFi tokens.
The protocol also ensures system sustainability through its 5-phase asset selection process, which employs a self-developed liquidity ranking system. Assets will be evaluated and ranked based on multiple liquidity metrics, then be further analyzed and entered into the voting section before being officially added into the pool.
The team envisions doing great things adapting to blockchain tech. Rifi.Lending will have more cross-chain compatibility and the Rikkei Finance team is working towards changing the world of digital assets.
