About the coin

RAI Finance is a decentralized finance (DeFi) protocol that aims to expand the range of assets available within the DeFi ecosystem. It is designed to provide a broader spectrum of financial use cases and increased liquidity. The protocol is built to integrate seamlessly with the Polkadot ecosystem, which allows for cross-chain compatibility. This integration helps to eliminate fragmentation within the existing DeFi landscape by introducing new assets and enhancing liquidity.

Main features

One of the main features of RAI Finance is its ability to support a wide variety of assets, which is crucial for the growth and diversification of the DeFi space. By offering a higher amount of liquidity, RAI Finance enables more efficient and effective financial transactions. The protocol's design also supports a diverse set of financial use cases, making it a versatile tool for users looking to engage in decentralized finance activities.

How it works

RAI Finance operates on the Ethereum network and has recently undergone a rebranding and migration process. The protocol's ticker symbol has been changed to SOFI, and it has moved from an old contract to a new one. This migration is part of RAI Finance's ongoing efforts to improve its platform and provide better services to its users. The cross-chain compatibility with Polkadot further enhances its functionality, allowing for seamless integration with other blockchain networks and reducing the barriers to entry for new assets and liquidity.