Xcapit, a developer of a crypto funding pockets constructed on the RSK community, introduced the combination of the RIF token. This permits RIF holders to earn a yield in a approach that’s native to Bitcoin and non-custodial.
By integrating their Binance accounts with Xcapit, the Xcapit pockets permits customers to generate automated funding methods with RIF, customers will even have the ability to 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 belongings. We imagine that RIF presents many new infrastructure providers by the RSK community, and this can speed up the adoption of DeFi for Bitcoin. RIF will permit folks utilizing the RSK Infrastructure Framework to yield on that. We’re very blissful to have the ability to collaborate with this wonderful undertaking.”
– Xcapit CEO, José Ignacio Trajtenberg
Since its launch, Xcapit represented a big step ahead in decentralized finance (DeFi) primarily based on Bitcoin and its development helped drive notable adoption of RSK, the Bitcoin-based layer-2 protocol.
“We’re excited to have Xcapit built-in with RIF which can present new alternatives to RIF token holders. It’s thrilling to expertise how rapidly the decentralized finance (DeFi) ecosystem has been rising, launching extra merchandise and attaining broader adoption.”
– IOV Labs CEO, Diego Gutierrez Zaldivar
Entry and cost for RIF OS providers are primarily based on the RIF token, which permits builders to entry the suite of providers constructed on prime of RSK Infrastructure Framework protocols similar to id, funds, gateways, storage, and communications together with any third party-developed infrastructure providers.