The EasiFi Blend welcomes its latest member through a partnership with Rigel Protocol. The partnership was brought in for a new fixed and predictable staking program for RPG tokens on Binance Smart Chain. The program has a 90-day window with a whopping 48% APR on the EasyFi app.
The EasyFi layer-2 network was built to offer market solutions for digital assets with a focus on liquidity sourcing & capital efficiency. Along with structured, non-custodial lending, the project offers multi-chain support for all its products. EasyFi currently has a strong foot in blockchains like Polygon, Binance Smart Chain, and Ethereum.
Blendis probably the most popular of the products launched by the EasiFi network. This solution allows DeFi projects to “simply configure the EasyFi Blend Advanced Smart Contracts” and create reward programs with bespoke requirements. These fixed-rate passive income opportunities can also extend to other communities.
The most recent use of this solution comes from the Rigel Protocol. The protocol will launch a new 90-Day “Stake RGP — Earn RGP” for its native RGP tokens. The Blend Module from EasiFi will be used to create an RGP depositor that could offer up to 48% APR for the pool deposits.
The Fixed APR Staking Program for RGP on Binance Smart Chain will have a maximum duration of 90 days for a maximum pool size of 800,000 RPG tokens. However, the lock-in period will end after 30 days, and the stake will be released proportionately on BSC.
The EasiFi Blend was developed to focus on aspects like “security, speed, and functionality,” so users have nothing to worry about while putting their holdings in these pools. Also, the module uses advanced configurable smart contracts to offer fixed rewards.
The Rigel Protocol was created to offer a one-stop solution for all DeFi needs. The innovative portfolio of the project includes “smart-swap operations, automated dexes trading, Liquidity mining, Launchpad & Product Token offering services, Influencers & New projects rewarding systems and other innovative features.” The protocol is also working towards building user-centric dApps embedded with top-end DeFi experience.
Thanks to EasyFi Blend, the protocol adds another use case to the abovementioned list. According to Akhat Grant, Co-founder of Rigel Protocol, the new offering will also be a way to incentivize their loyal community as they are getting ready to launch new products and use cases for the native RGP tokens.
While commenting on the new partnership, Ankitt Gaur, Founder and CEO of EasyFi Network, said, “This [staking program] will not only enable $RGP holders to earn rewards with a fixed APR on staking their Rigel tokens but also allow those seeking on-chain passive income opportunities to explore Rigel Protocol as one of the options to get staking rewards that are fixed as well as predictable.”