What is RigelProtocol?
Rigel Protocol is a Blockchain Decentralized protocol for a diverse set of DeFi products. A protocol built to improve and touch up existing Decentralized Finance (DEFI) products while introducing several innovative DEFI products to propel scalability, security in the Blockchain, user experience, and adoption.
Several DeFi products are presented, like; cross-chain operations, token smart swapping, yield farming, margin trading, and many more. Rigel Protocol Margin Trading ecosystem will be powered with $RGP token.
The $RGP token will be used to reward the Liquidity Providers. The Rigel Protocol is completely designed, set up, developed, and driven by the Rigel Protocol community. Yield farmers and lending providers would also be able to receive $RGP tokens. The Rigel Protocol Yield Farming feature will protect cash-flow providers by having a lower APY(Annual Percentage Yield) and a locking period for tokens mined through this pool. Power and ownership are kept within the user, leaving the control of the funds to the community in a decentralized and non-custodial way.