What is Rodeo Finance? Rodeo Finance is an All in One DeFi platform including solutions on Lending & Borrowing, Farming, Leverage Yield Farming,… At the present time Rodeo is gaining great traction from the community and how to This project is maturing so quickly, everyone, let’s find out in this article!
To better understand the Rodeo Finance project, people can refer to some of the following projects to get an overview from which to make the most objective assessments, comments, and comparisons.
- What is Francium Protocol? Francium Protocol Project Overview
- What is Alpaca Finance (ALPACA)? Overview of Cryptocurrencies Alpaca Finance
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What is Rodeo Finance?
Overview of Rodeo Finance
Rodeo Finance is a platform that provides leverage that allows users to rely on their own strategies to earn the highest profits on the Arbitrum ecosystem. In its strategy, Rodeo Finance for users includes Lending, Borrowing, Farming, Leverage Farming,…
Rodeo Finance has integrated with many different DeFi protocols GMX, Uniswap, SushiSwap, Trader Joe, Kyber Swap, Balancer, Plutus DAO, Jones DAO,…
Rodeo Finance’s operating mechanism
There are 3 main components that make up Rodeo Finance including:
- Lender: These are the people who put USDC into the Rodeo Finance platform to lend to Farmers to earn more profits. Lender will receive profit from loan interest. In the future, Rodeo will support more types of assets such as BTC, ETH,…
- Farmer: Are people who use the protocols that Rodeo Finance has integrated with leverage from loans from Lenders to make profits.
- Rodeo Finance: It is the protocol that must continuously integrate many popular DeFi protocols on the market to help Farmers have many options from which to diversify profit-making strategies.
Rodeo Finance’s operating mechanism is as follows:
- Step 1: Lender will deposit USDC into Rodeo Finance to get interest from Farmers. Receive rToken representing your assets in the Pool. For example, if you send USDC you will receive rUSDC, if you send ETH you will receive rETH.
- Step 2: Farmer deposits his collateral into Rodeo Finance and will borrow assets from the Lending section.
- Step 3: Through the strategies that Rodeo Finance provides such as providing liquidity, staking,…, Farmer will choose the appropriate strategy along with choosing leverage.
- Step 4: Farmer earns a profit and will pay back the borrowed money plus a little interest.
In addition, Rodeo Finance also supports farmers with many tools to optimize profits from auto compound rewards (automatically combine rewards into assets to continue farming), liquidation warnings, automatic stoploss or take profit, etc. ..
Development Roadmap
Rodeo Finance’s development roadmap still has a lot to do ahead. The project itself also has detailed development roadmap from Q4/2022 to Q1/2024.
Q1/2023
Q2/2023
- First audit.
- Integrate more protocols.
- Launching the Proof of love program.
- Launch tokens
- Automatic stop loss or take profit feature.
- Introducing the rTokens model starting with rUSDC.
- 2nd product audit
- Launching the staking program.
Q3/2023
Q4/2023
- Provides leverage services for the protocol.
- Dual Incentives Farm.
- Governance for vaults & rewards.
- Advanced Price Manipulation Protection
- Launched API so projects can integrate Rodeo.
- Approach partners are protocols.
- Expand use case for naive tokens.
- Apply more farming strategies.
Core Team
Update…
Tokenomics
Update…
Project Information Channel
Summary
Rodeo Finance continues to participate in the Arbitrum ecosystem in the form of a Leverage Yield Farming project. This is also a missing piece of the Arbitrum system. Can Rodeo Finance explode in the near future?