What is Rhino.fi?
Rhino.fi (DVF) is a frictionless multi-chain platform that provides users access to decentralised finance (DeFi) opportunities across multiple blockchains. By leveraging Layer 2 technology, Rhino.fi simplifies cross-chain token movement and DeFi interactions, enabling seamless transactions and low-cost operations while maintaining a self-custodial framework.
How does Rhino.fi work?
Rhino.fi operates on StarkEx Validium, a Layer 2 technology powered by StarkWare, to deliver high-performance DeFi services.
Key features include:
- Frictionless multi-chain transactions: Users can swap tokens across chains without the need for multiple steps.
- Layer 2 bridge: Facilitates efficient and low-cost token movements between chains.
- Gas-free trading: Eliminates transaction fees on Ethereum Layer 2.
- Self-custodial interoperability: Ensures users retain control of their assets.
- Zero-knowledge rollup: Enhances scalability and security for DeFi operations.
The platform supports Ethereum, Polygon, Arbitrum, and other major blockchain networks, enabling seamless cross-chain interactions.
What are the potential use cases for Rhino.fi?
Applications:
- Cross-chain token swaps: Efficiently move assets across different blockchains.
- Interest-earning opportunities: Invest in DeFi strategies with low fees.
- Trading: Access aggregated order book liquidity for major tokens.
- Portfolio tracking: Monitor assets across multiple blockchains.
- Low-fee transfers: Perform token transactions with minimal costs.
Industries:
- Decentralised Finance (DeFi)
- Cryptocurrency trading
- Cross-chain interoperability solutions
- Blockchain infrastructure
Partnerships:
Rhino.fi collaborates with a variety of key partners, including:
- Tether (USDT integration): Enhancing USDT utility.
- StarkWare: Zero-knowledge rollup technology provider.
- Ledger and Bitfinex: Supporting secure storage and trading.
- DeFiance Capital and Delphi Ventures: Strategic investors.
- Lightspeed and Blockchain.com: Key ecosystem contributors.
What is the history of Rhino.fi?
Origin:
- Originally launched as DeversiFi, the platform was rebranded as Rhino.fi to reflect its expanded multi-chain capabilities.
Key Milestones:
- May 2020: Launched as one of the first Layer 2 platforms.
- July 2021: Introduced the native