Rigel Protocol recently launched one of the most profitable crypto yield farming programs on the Binance Smart Chain decentralized finance space with up to 1,600% APY in the RGP-BNB alongside other pools offering very attractive annual rewards as well, such as the BNB-BUSD pool, which offers a huge 330% APY. Exclusive nonfungible tokens proportional to the liquidity value added to the pools will be distributed to the liquidity providers.
Users that swap or provide liquidity of 1,000 RGP or more in the SmartSwap decentralized application will have a chance to get whitelisted and participate in the Rigel Protocol (RGP) special staking pool for the selected investors. Full conditions are available in Rigel Protocol’s Medium post.
Why Rigel Protocol?
Rigel Protocol is designed to bring new solutions to the DeFi space on both the BSC and the Ethereum blockchain, and is a decentralized protocol that aims to give the community access to several instruments to expand the adoption of blockchain technologies in their daily lives. Rigel Protocol is completely designed, set up, developed and driven by the community. All proposals and decision-making are established and decided within the community.
After a successful token presale, Rigel Protocol launched the SmartSwap DApp and more recently, yield farming on the BSC. Rigel Protocol is set to launch on other blockchains in the next few months.
Liquidity providers on the Rigel Protocol platform will have a chance to receive unique NFTs with estimated values from $5,000 to $50,000, subject to the amount of liquidity provided.
The Gift DApp is the next decentralized application on Rigel Protocol’s road map and its testnet is now live. Check out the tutorial video about how to participate in the DApp testing phase and the most valuable feedback will be rewarded. The Rigel Protocol gifting system will allow users to win prizes and send gifts to their friends and followers. Other DeFi projects and crypto influencers will be able to use the Gift DApp to reward their communities and fans.
Other DApps, DeFi games, a futures exchange and the Rigel Protocol NFT marketplace are scheduled for release in the next couple of weeks.
Currently, the RGP token can be used to purchase selected NFTs on the Gotcha.gg platform.
At Rigel Protocol, the security and the safety of the community are among the highest priorities.
Many crypto investors have fallen victim to fraudsters and hackers who perpetrate different scam schemes when joining new DeFi projects. At the same time, many cryptocurrency “projects” are simply so-called rug pulls, where the administrator’s only intention is to collect as much money as possible, shut down all operations and disappear.
Rigel Protocol has partnered with the CertiK Foundation, a well-known and reputable player when it comes to decentralized security solutions. The RGP security audit, the platform’s native token, can be checked here (for fundamental protection and assessment).
In addition, Rigel Protocol has activated the CertiK Skynet security intelligence engine with the CertiK Shield protection coming right next, which will insure against hacks of up to $500,000 to $1 million. Rigel Protocol also has token-allocated insurance covering losses of up to 3.2 million RGP.
To learn more about Rigel Protocol, please visit its website.