Charlesokeke
3 min readOct 10, 2021

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Rigel Protocol, a decentralized blockchain protocol for all DeFi needs.

Rigel Protocol is a Blockchain Decentralized protocol for a diverse set of
DeFi products, Is designed to bring new solutions to the DeFi space, a
Decentralized protocol that aims to give to the community access to
several instruments to expand the adoption of Blockchain technologies in
daily life. A protocol built to improve and touch up existing
Decentralized Finance (DeFi) features while introducing several innovative
DeFi products to propel scalability, security in the Blockchain, user
experience and adoption.
Several DeFi products are presented, like; cross-chain operations, token
smart swapping, yield farming, margin trading, and many more.

A protocol built to revamp existing DeFi products while introducing several innovative DeFi products to boost and support scalability, security, improve user experience and adoption.
The Rigel Protocol is a platform for people. As decision making and
ownership are kept within the users, this enables users to control the funds
in a non-custodial way. No KYC is required, anonymity is guaranteed and
users keep their identity private. No passwords, wallet keys, seed phrases
or 2 factor authentication needed to use the platform. All transactions and
interactions are handled by verified and audited smart contracts. As secure
as the Blockchain itself. To ensure high speed transaction, low latency, low fees, and quick adoption, the Rigel Protocol will launch on both: the Binance Smart Chain and the Ethereum Blockchain. The Rigel Protocol is going to leave a footprint in the Defi space like Bitcoin did in 2009 or the ICOs (Initial Coin Offerings) and big exchanges, like Binance, blew up the Crypto space in 2017”. Well, it’s early days in DeFi, they are just at the inception.

Chains

The Rigel Protocol is going to base its smart contracts on the Binance
Smart Chain and the Ethereum Chain which is built with solidity. The
addition of various other chains would be discussed within our community
members through our governance side of the platform.
The Rigel Protocol combines the use of the Binance Smart Chain and the
Ethereum Chain to secure cheaper fees and faster transactions in
swapping, yield farming, and futures trading, among others, while having
access to a wide scope of tokens and liquidity.
The Rigel Protocol will has a Native token known as $RGP

Rigel Protocol smart swapping

Rigel’s Protocol Smart Swapping is their fundamental exchange which will
allow users to trade various tokens like BNB, BUSD, USDT, ETH, TRON,
BAND on the Binance Smart Chain, and the Ethereum Chain with many
other tokens like USDT, LINK, DAI, CRO, UNI, YFI, OMG, HEX and many,
many more.
This will be quite different from the DEFi 2.0 Swapping Exchange we are
familiar with. It will be a refined Smart Swapping with improved User
Interface / User Experience as well as newly added and valuable features.
Our community members will also be able to provide cash-flow via the
liquidity pool, enabling them to earn a percentage from the fees generated
on the Rigel Protocol Platform. Users will enjoy quick and cheap swap
operations between various tokens and chains within a new environment,
with seamless user experience directly from their wallets without the need
of order books or deposit transfers.

Cross-chain Swapping

Cross-chain swapping will be developed afterwards. This feature will
enable users to swap their $RGP Ethereum Chain tokens to $RGP Binance
Smart Chain tokens and vice versa. More details on other tokens would be
revealed in the new version of the White Paper.

Conclusion

The Rigel Protocol is completely designed, set up, developed, and
driven by the Rigel Protocol community. All proposals and decision-making
are established and decided within the community.

For more information about Rigel protocol and to join their community.
Twitter
Telegram Channel
Telegram Updates
Medium
YouTube
Website
White paper

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