This allows any RGP depositor to earn a FIXED APR of 48% on their funds deposited in the pool.

They have received many requests from multiple projects in both the Polygon and Binance Smart Chain networks for the BLEND staking programs. And, they are working closely with some DeFi projects to onboard them to the passive rewards programs for their user community. Rigel Protocol would serve to aid multi-chain BLEND expansion with Binance Smart Chain namely.

EasyFi BLEND enables ANY DeFi project to simply configure the EasyFi Blend Advanced Smart Contracts. As their requirements to create a rewards program for not only their own community but also the extended user base in the DeFi space looking for a fixed rate passive income opportunities.

90-Day Fixed APR Staking Program for RGP on BSC

Users must note that the RGP deposited will be locked for a period of 90 days and will earn the user a Fixed APR of 48% on a maximum pool size of 800,000 RGP tokens.

Let’s Understand BLEND…

EasyFi Blend is a product from EasyFi Network that has been developed by blending various factors like the security, speed & functionality of major lending protocols allowing for interoperability. Firstly, Blend has been designed as a set of configurable advanced smart contracts. It enables a user to earn “Fixed & Predictable Rewards” on staking a token.

Secondly, the aspect of EasyFi Blend is the freedom to ANY DeFi project. The goal is to offer structured staking programs with FIXED APR rewards. Also, all they need to do is configure the smart contracts in EasyFi Blend. This gives the user a multi-chain fixed passive income opportunity.

To understand it simply, let’s say, you stake 100 X Tokens at 10% APR, you will get 110 X at the end of 1 year.

About Rigel Protocol

A protocol is to improve and touch up existing Decentralized Finance (DeFi) features. While introducing several innovative DeFi products to propel scalability, security in the Blockchain, user experience and adoption. Also, Rigel Protocol is focus on building Dapps with the best user experience at low fees.

Website | Twitter

About EasyFi

EasyFi Network is a universal layer-2 multi-chain money market protocol for digital assets with focus on liquidity sourcing & capital efficiency for structured lending in a non-custodial manner. Therefore, Protocol is currently live on Polygon, Binance Smart Chain and Ethereum.

Website | Twitter

SOURCE:

https://medium.com/easify-network/easyfi-blend-presents-90-days-fixed-staking-program-for-rigel-protocol-780bcfe5d413

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