Xcapit, a developer of a crypto funding pockets constructed on the RSK community, introduced the combination of the RIF token. This allows 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 may also 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 property. We consider that RIF affords many new infrastructure providers by the RSK community, and this may speed up the adoption of DeFi for Bitcoin. RIF will enable folks utilizing the RSK Infrastructure Framework to yield on that. We’re very completely happy to have the ability to collaborate with this wonderful mission.”
– Xcapit CEO, José Ignacio Trajtenberg
Since its launch, Xcapit represented a major 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 shortly the decentralized finance (DeFi) ecosystem has been rising, launching extra merchandise and reaching 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 prime of RSK Infrastructure Framework protocols comparable to id, funds, gateways, storage, and communications together with any third party-developed infrastructure providers.