Ricochet Finance($RIFI):

RIFI is an innovative BSC protocol that re-imagines the concept of passive yield generation.

At its core, $RIFI charges a 3% transaction fee and re-distributes that fee to existing $RIFI holders instantly and automatically at the time of each transaction.

There is no team or central party that has to award the fees. There is no interface to claim the fees. No action needs to be taken on your part other than to hold RIFI in a wallet you control.

The Problem

The majority of DeFi projects require trust in a central party and interaction with complex, buggy, and easily hacked contracts.

Rewards for interacting with these contracts often come from the minting of new tokens, necessitating confusing (and usually centralized) economic mechanisms that attempt to give the underlying reward token some value.

Developers who design and implement these economic reward mechanisms typically have no expertise in economics.

This places an enormous amount of risk on individuals that choose to interact with DeFi smart contracts. For simplicity, lets break down some of the different kinds of risk accepted by your average DeFi participant:

1. Price and Market risk: Price movements of a specific token or the market as a whole that negatively affect the token holder.
2. Trust related risk: Individuals or teams behind a project performing actions that negatively affect the token holder (rug pulls, large token unlocks and dumps, etc..)
3. Security risk: Vulnerabilities in smart contracts or interfaces that the token holder interacts with.
4. Economic Design risk: Tokenomics that are poorly designed and unsustainable.

The Solution

RIFI is uniquely designed to address these problems and reduce the aforementioned risks. Lets look at how RIFI reduces each of the risks mentioned in the previous section:

1. Price and Market risk: These risks come with any free market. Anyone claiming to guarantee a specific yield or eliminate this risk are lying to you.
2. Trust related risk: No ICO, No Pre-sale, No Fundraising. No vaults or treasuries. No community funds that could be mismanaged. No website or interface is required for the token to function. As long as BNB exists, RIFI fees will be generated and distributed with each transaction.
3. Security risk: Because fee generation AND distribution is baked into the core smart contract, security risk is greatly reduced. No external contracts or interfaces need to be interacted with in any way.
4. Economic Design risk: RIFI has a fixed cap of 3M. The yield comes from transfer fees instead of newly minted tokens. As you earn fees, the percentage of the total supply you own is increasing. Earning network fees is an established and tested method of earning yield.

The Elephant in the Room — Opportunity Cost

Beyond the extreme risks involved with DeFi, individuals must stake or park their tokens in a contract to earn a yield. There is a massive opportunity cost associated with this as participants could be using their locked tokens to earn a yield some other way but are unable to seize that opportunity while the tokens are locked.

Lets look at how RIFI addresses opportunity cost.

RIFI fees are awarded automatically and do not require any transaction to be executed by the holder in order to earn fees. This allows RIFI to be used in any other smart contract in addition to earning yield from the transaction fees.

To facilitate this, the RIFI smart contract exposes some new methods that allow other smart contracts to easily determine the fees earned by each address for any period of time even when funds are pooled together. This is a huge leap in DeFi that enables the direct staking of RIFI and double yield generation.

For example, you could lend your RIFI on a third party app and earn a yield from that while still earning fees from RIFI transfers. The lending contract could use RIFI’s new methods to easily determine the fees earned on the amount you provided during your interaction with the lending contract.

By reducing friction and eliminating the burden of contract interaction to earn a yield, RIFI is truly a step forward in DeFi.

A Fair and Free Market

The RIFI smart contract is complete at launch. There was no ICO, no pre-sale, and no fundraising of any kind. There are no more features to add. There is no individual or team to be relied upon to give RIFI any value.

100% of the total fixed supply of 3M tokens goes into the initial Pancake Swap liquidity pool.