The weakness of the currency market has prompted many investors to seek higher-yield opportunities, with RIZE recently attracting the attention of numerous airdrop hunters and yield farmers. RIZE is an innovative DeFi application called the Liquidity Diffusion Network (LDN), aimed at simplifying the complexity of user interaction with emerging blockchains and providing better returns.
With the recent poor performance of the currency market, some investors have become tired of speculating on price trends and are now seeking more stable opportunities that also offer good APY. Recently, an early project called RIZE has caught the attention of airdrop hunters and yield farmers for providing APYs as high as 12.81%, 12.34%, and 14.92% for deposits of ETH, USDC, and USDT, respectively (real-time changes). As for stablecoin returns, these rates have exceeded the 10.1% offered by the synthetic dollar protocol Ethena sUSDe.
According to DeFiLlama data, RIZE’s TVL currently stands at $1.47 million, with ETH accounting for nearly 63% of the total.
What is RIZE?
RIZE is a new DeFi application that calls itself the Liquidity Diffusion Network (LDN), aiming to provide users with competitive and low-risk returns.
Where do these returns come from? The official website states that RIZE’s main source of income comes from the native token rewards of cooperating blockchains. The website also emphasizes that RIZE does not use users’ positions for borrowing and does not employ any leverage. If leverage is employed in the future, RIZE will notify users clearly in advance before their deposits.
In summary, RIZE aims to help users avoid the hassle of seeking income on emerging blockchains (such as finding cross-chain bridges, creating specific wallets, and finding trustworthy Dapps) by simply connecting their Ethereum wallets and making deposits to enjoy highly competitive returns with low-risk strategies.
The official website also states that the first emerging blockchains that RIZE will be accessing are blockchains programmed in the Move language (such as Aptos and Sui), which have built-in security advantages compared to other blockchains.
Participation method
Users interested in participating only need to enter the official website after obtaining an invitation code, bind their wallet and X account, and then use the protocol. Ways to earn RIZE points include depositing, recommending others (for which both the referrer and the referee earn points), achieving the deposit goal of a small team (invited users form their own team), and participating in social activities and Discord bounties.
It should be noted that at this stage, redemptions require an 8-day waiting period and will deduct some points. While the official website has disclosed that an audit by Movebit has been completed, readers should still carefully evaluate whether to invest in the project due to the lack of time verification for early projects.
RIZE Official Website
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