Rigel Protocol is a Blockchain Decentralized protocol for a diverse set of DeFi products. A protocol that is built to improve and touch up existing Decentralized Finance (DEFI) features while introducing several innovative DEFI products to propel scalability, security in the Blockchain, user experience and adoption.
The Rigel Protocol is designed to bring possible solutions to the Defi space and also on both the Ethereum and BSC chain where Several DeFi products are presented, like;
- cross-chain operations
- token smart swapping
- yield farming
- margin trading etc.
And moreso the Rigel Protocol Margin Trading ecosystem will be powered with $RGP token.
Advantages of the Decentralized Finance (DeFi)
- Privacy: Privacy is something everyone wants to have, due to the fact that they are a great number of data collected on each individual on a daily basis, the decentralized server and platforms make it easier to to store data and other files save. In decentralized platforms users don’t need to provide information to third parties and they are usually no KYC requirements.
- Cheaper Transaction fees: In decentralized platforms they are usually low transaction fees compared to the centralized platform, thus traders are on the platter of trading their assets with low transaction fees.
- Lower Risks: Due to the rampant hackings on the centralized platforms which has resulted in the loss of funds by users, more traders prefer the decentralized platforms because cryptocurrency trades or
transactions are made directly between people through an automated
process without relying on intermediates.
- Financial Inclusion: In some centralized platforms users are restricted from certain jurisdictions or region from using their services but in decentralized anyone from anywhere around the globe can use them.
Rigel social media and contact links
https://twitter.com/rigelprotocol?s=09 https://medium.com/rigelprotocol
Source: https://medium.com/@siaxena20/about-rigel-protocol-9383af583315?source=rss——cryptocurrency-5
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