RainSpirit (RAINSPIRIT) Coin Complete Detailed Review

Introduction RainSpirit (RAINSPIRIT)

RainSpirit Ola Finance is a Lending-as-a-Service platform that allows anyone to create their own branded lending network at the click of a button. Each Lending Network (LeN) consists of a number of different tokens, determined by the network creator, which can be lent and borrowed. Ola Finance is not another Compound or Aave. Rather, Ola is a technology provider that enables others to build Compound-like instances governed and controlled by the creator.

RainSpirit Basic Point Table

Who Are The Founder Of RainSpirit (RAINSPIRIT)?

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RAINSPIRIT Price Live Data

RainSpirit The live rainSPIRIT price today is $0.004233 USD with a 24-hour trading volume of $1,007.17 USD. We update our RAINSPIRIT to USD price in real-time. rainSPIRIT is down 8.51% in the last 24 hours. The current CoinMarketCap ranking is #6190, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

rainSPIRIT is a liquid wrapper of inSPIRIT, the governance token of SpiritSwap’s protocol (DEX). While inSPIRIT offers staking rewards and voting power to its holder, it is non-transferable and users must lock their SPIRIT token (SpiritSwap’s native protocol token) for an extended period of time to acquire it.

RainSpirit offers users a transferable version of inSPIRIT that can be swapped back into SPIRIT at any time via liquidity pools. rainSPIRIT is minted by depositing SPIRIT, which gets locked away into inSPIRIT perpetually. The rewards generated for locking the SPIRIT perpetually are returned to rainSPIRIT holders, in addition to the rewards accumulated as a result of inSPIRIT’s governance power.

RainSPIRIT Holders

Listing the many benefits and use-cases of Unlike any other winSPIRIT fork, holders receive both the revenue from SpiritSwap’s protocol AND collect bribes as if they had voted for themselves. This means that is able to offer its holders some of the highest APRs of all the tokens. Each week, holders simply decide which rewards they would like to receive and consequently place their rainSPIRIT in the corresponding location:

• Staking Pool
• Bribe Pools
• RainSPIRIT-SPIRIT Farm

Staking Pool

Ola Finance uses the SPIRIT emissions allocated to in SPIRIT holders each week to purchase and distribute them to users in the Staking Pool. As some users prefer the bribe pools, those who remain in the staking pool will effectively receive a larger portion of the distributed rewards, thus increasing their APR. The staking pool runs continously.

Bribe Pools

RainSpirit Each week, bribe pools will be listed according to the bribes collected in the previous week. Ola determines the weekly pools and their distribution rate to ensure strong, consistent emissions. Rewards distribution for new bribe pools begins each week on Sunday at 9:00 UTC and lasts for 7 days. At the end of the reward distribution period, bribe pools are refilled or expire. Weekly updates on active pools can be found in the Ola Finance discord.

RainSPIRIT-SPIRIT Farm

Users can provide liquidity to the rainSPIRIT-SPIRIT pair on Spirit Swap to earn a portion of the trading fees generated by the pair. In addition, users can farm additional rewards with the LP tokens received from providing liquidity.

Advanced Strategies

A Few Use Cases for Advanced Borrowing In this section, will briefly look at how someone can use a lending network to their advantage. Before reading these, it is important to first read the sections on Lending, Borrowing, and most importantly Liquidations to understand the risks involved.

Market Screenshot

Faq Of RainSpirit