What is rhino.fi?
rhino.fi is an Ethereum-based multi-chain DeFi aggregator, originally known as DeversiFi. It provides users with a self-custodial layer 2 wallet that allows them to manage their funds, trade in high-frequency, swap tokens, and invest. All is done without front-end bridges, network switches, and gas fees.
The platform allows deposits from crypto or fiat, as well as exchanges of cross-chain tokens, or native Ethereum tokens. Everything is meant to be done in a faster and more private way. In terms of safety, rhino.fi guarantees protection for its users due to its deep liquidity, which prevents slippage.
Moreover, the platform provides an AMM while also including order book trading. The automated market makers (AMM) model enables peer-to-peer limitless cryptocurrency trading through the use of smart contracts. Thus, it doesn't require third-party buy and sell requests. An order book, on the other hand, is an electronic list that presents orders submitted by clients, making transactions more centralized.
Besides, rhino.fi offers opportunities to build APIs to automate the users’ strategies.
The rhino.fi token goes by the ticker DVF. It is a governance token that is also used to engage and reward users. Check out the rhino.fi price chart above to see the live DVF price.
Use Case of DVF Tokens
As stated previously, the rhino.fi crypto asset is a governance token. It allows users to participate in various decision-making processes. For example, they can decide the way the platform operates its smart contracts, the distribution rate of its fees, and the evolution of community ownership.
In order to actually have the voting power, DVF coin holders have to stake their assets to get xDVF. The amount of xDVF a user has determines the power of the user's vote.
Besides, while participating in decision-making, users can earn a potential share of platform fees.
Additionally, there are benefits for automated market maker liquidity providers (AMM LPs) because they are rewarded with DVF in addition to a portion of the AMM trading fees.
Don’t forget you can check the live DVF price above.
Who Founded rhino.fi?
The rhino.fi platform has three co-founders – Will Harborne, Dan Yanev, and Ross Middleton.
Will Harborne is the CEO. Before founding rhino.fi, he also co-founded Zero Knowledge Validator and launched Ethfinex. Harborne graduated from Cambridge University.
Dan Yanev is the CPO of rhino.fi. Previously, Yanev worked as a consultant for Newton Europe.
Ross Middleton is the CFO of rhino.fi. He has experience as a professional energy trader and analyst on global energy trading desks at different companies.
Besides, Harborne, Yanev, and Middleton worked together at Bitfinex and Ethfinex.
Tokenomics of DVF
DVF has a max supply of 100 million. Half of it was distributed to liquidity mining and DVF Treasury, as well as to DeversiFi Labs. The other half was dedicated to supplying Strategic Supporters, DLM and matched DVF, and so on. Besides, the community got provided with 2% of the total supply.
Look at the aforementioned chart for DVF price, if you're thinking about purchasing rhino.fi coins. By doing so, you'll be able to identify the key fluctuations in the rhino.fi price and make wiser decisions.
