Xcapit, a developer of a crypto funding pockets constructed on the RSK community, introduced the combination of the RIF token. This permits RIF holders to earn a yield in a method that’s native to Bitcoin and non-custodial.
By integrating their Binance accounts with Xcapit, the Xcapit pockets permits customers to generate computerized funding methods with RIF, customers will even be capable of join with the true economic system, by permitting them to transform fiat-RIF and vice versa (utilizing Kripton API).
“Once we designed Xcapit, we did it considering that the monetary mannequin may be used with different belongings. We imagine that RIF affords many new infrastructure providers by means of the RSK community, and this can speed up the adoption of DeFi for Bitcoin. RIF will enable folks utilizing the RSK Infrastructure Framework to yield on that. We’re very joyful to have the ability to collaborate with this superb undertaking.”
– Xcapit CEO, José Ignacio Trajtenberg
Since its launch, Xcapit represented a big step ahead in decentralized finance (DeFi) based mostly on Bitcoin and its progress helped drive notable adoption of RSK, the Bitcoin-based layer-2 protocol.
“We’re excited to have Xcapit built-in with RIF which is able to present new alternatives to RIF token holders. It’s thrilling to expertise how rapidly the decentralized finance (DeFi) ecosystem has been rising, launching extra merchandise and attaining broader adoption.”
– IOV Labs CEO, Diego Gutierrez Zaldivar
Entry and cost for RIF OS providers are based mostly on the RIF token, which permits builders to entry the suite of providers constructed on high of RSK Infrastructure Framework protocols corresponding to id, funds, gateways, storage, and communications together with any third party-developed infrastructure providers.