What Is RAI Finance (SOFI)?
RAI Finance aims to become the epicenter of Web 3.0 decentralized finance. Based on cross-chain technology and various ecosystems, RAI Finance is creating a new decentralized finance service with realizing a polymerized connection of generating index tokens, cross-chain trading and socialization with the other digital asset traders.
Before each node joins the Service Node network, other nodes must individually validate that the said nodes collateral outlay matches the required amount, as per the decreasing collateralisation requirement. Although collateral transactions expire after 30 days, the wallet will have an opt-in automatic re-collateralisation feature.
RAI Finance Storage Key Points
|Coin Name||RAI Finance|
|Circulating Supply||197,613,824.79 SOFI|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Socialize Your DeFi Experience
Share Investment Set, Communicate with KOL, Analyze investment data and Invest with professionals Share. Service Nodes must prove to the network that they are holding the required collateral. Privacy features inherent in Loki’s design make this difficult, specifically the inability to audit public address balances or to use view keys to see outgoing transactions.
RAI Finance makes novel use of time-locked outputs, which allow Loki coins to be time-locked until the blockchain reaches a defined block-height. Until this defined height, the Loki network will invalidate attempts to spend these time-locked outputs. Loki utilises this process to prove that an amount is being held by a specific Service Node, preventing shuffling of collateral.
RAI Finance Product
With RAI Finance cross-chain technology and various ecosystems, users of RAI Finance can explore features such as creating index tokens, cross-chain trading and socialization with the other digital asset traders. To register as a Service Node, an operator creates a time-locked output of the required amount which unlocks after a minimum of 21,600 blocks have elapsed (approximately 30 days). In the extra field of the transaction, the Service Node operator includes the Loki address which may receive Service Node rewards.
This address will also be used as the public key for Service Node operations such as swarm voting. Wallets may avoid using these Service Node registration transactions as mixins, as their true amounts and destination are disclosed and therefore are not useful in providing extra anonymity to a transaction.
RAI Finance, the native token for RAI Finance is an essential component of the protocol and employs many functions in the ecosystem. The second output in each block (50% of total reward) goes to a Service Node, or two Service Nodes if a relay is selected (see 6.3). Service Nodes are rewarded based on the time since they last received a reward (or time since they registered), with a preference for nodes that have been waiting longer.
Each time a Service Node registers with the network it assumes the last position in the queue. If the Service Node maintains good service and is not ejected from the queue by a swarm flag (see 7.3), it slowly migrates to the higher positions in the queue. Nodes at or near the front of the queue are eligible for a reward, and once awarded, the node again drops to the last position in the queue and begins slowly working its way back up.
Onion routing protocols allow for users to form tunnels or paths through a distributed
network, using multiple nodes as hops to obfuscate the destination and origin of data packets. Service Nodes on the Loki network will operate a low latency onion routing protocol, forming a fully decentralised overlay network, called RAI Finance. The network does not rely on trusted authorities and its state is fully derived from the blockchain.
Users can connect to individual Service Nodes and create bidirectional paths for packets to be routed through. The network can be used to access internally hosted services called SNApps (see 6.2). Users can utilise Service Node exit functionality to browse the external internet without their IP address being exposed.
Low Latency Anonymous Routing Protocol
Underlying all applications for Service Nodes is an anonymous routing protocol, which defines the way each Service Node communicates with its peers. Loki proposes a new routing protocol called LLARP  which is designed as a hybrid between Tor and I2P to provide additional desirable properties versus any existing routing protocol.
RAI Finance is built specifically to run on top of the Loki Service Nodes network and all LLARP optimisations consider this architecture. To understand the goals of LLARP, it is best to conduct an analysis of existing routing protocols and consider how LLARP improves upon them.