RST INSURANCE FUND (RIF)
RIF is the acronym for the RST Insurance Fund which is a separate wallet in RST RAP system. The RIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the RIF wallet.
In simple terms, the staking rewards (rebase rewards) which are distributed every day at a rate of 0.5% are backed by the RIF parameter, thus ensuring a high and stable interest rate to $RST token holders.
40% of all trading fees collected are stored in the RST Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
- Avoiding flash crash through price stability
- Achieving long-term sustainability and future growth of the Restn Protocol
- Greatly reducing downside risk