Our CEO James Anderson shares the latest updates about RioChain, RFUEL staking program, and our partnership with Ledger.
This article summarizes our weekly video newsletter which can be found on RioDeFi official Youtube channel: https://www.youtube.com/watch?v=poqYXxuU26I
This is the first newsletter since the launch of RioChain main net last Saturday. I am going to share with you the latest updates regarding the deployment of the network. I will also share with you the details of the release of RioChain code on Github.
Today we will discuss about RFUEL staking. Many members from our community have requested a comprehensive overview of the various staking programs available for RFUEL. We will talk about existing programs on MANTRA DAO and on centralized exchanges. For those of you who have vested RFUEL tokens, I will describe the auto stake program.
Also today I will share with you the latest updates regarding the partnership between RioDeFi and the leading hardware wallet manufacturer Ledger as well as the outcome of our giveaway campaign developed in collaboration with them.
Release of RioChain binary code
RioChain main net has been live for five days now. The network has been running smoothly and more than 220,000 blocks have been created already with an average generation time of 2 seconds. RioChain Block Explorer is accessible via our official website.
The network is not running in its definitive version, some key functionalities especially will be rolled out over the next few months. Our team will release soon our technical roadmap for RioChain and RioWallet on this channel.
Furthermore I am happy to announce that our technical team will release RioChain binary code on our Github later this week. We want to give the opportunity to developers to run their own node, and synchronize the data from RioChain. Our tech team is developing the documentation to assist developers with the set up of the node, all this information will be shared with our community over the next few days.
RFUEL Staking program
Since the completion of the token sale, a number of staking programs have been made available for RFUEL across various platforms and we thought it was time to give you a complete overview of where and how you can stake your RFUEL.
1. MANTRA DAO. RFUEL staking program has been running on MANTRA DAO for about a month now. It currently has the largest amount of RFUEL staked. The current APR for RFUEL is 50%.
2. Exchanges: RFUEL staking is available on Bithumb Global and Kucoin with a similar APR as MANTRA DAO.
3. Auto Staking. This is for those among you who are vesting RFUEL token, keep in mind that the APR is the same as the one applied by exchanges.
RFUEL integration into Ledger Live
I am happy to announce that RFUEL has been integrated on Ledger Live and on Leger Vault. Ledger is the world leading firm when it comes to hardware wallet solutions and we are very excited to be partnering up with Ledger to ensure secure storage of RFUEL token.
In parallel with RFUEL integration on Ledger Live and Ledger Vault RioDeFi has been collaborating with Ledger on our main net launch promotional campaign which has been a massive success. More than 6,000 participants have taken a chance to win one of the 20 RioDeFi branded Ledger Nano X. I was lucky to see one of them and I can tell you they are beautiful!
We will announce the full list of winners on November 11 at 11 am. As you probably know, November 11 has become kind of a lucky date in China where it is the largest shopping holiday.
If you have joined the campaign I wish you good luck!
Alright this is it for this week’s newsletter, I hope this information has been useful and look forward to catching up with you all next week.
About RioDeFi:
RioDeFi accelerates the mass adoption of digital assets by bridging traditional and decentralized finance. Our vision is a world in which everyone has access to decentralized financial (DeFi) services. We develop solutions that connect banking institutions with blockchain systems. Our applications enable lower transaction fees, faster confirmations, more efficiency, better returns for savings account holders, and global reach.
Should you have any questions, please join the conversation on our social media, Telegram and Twitter .
To learn more about the latest developments regarding RioChain, visit: Riodefi.com
