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RhinoFi reviews

Founded 7 years ago in 2017.

Use anonymously. No KYC required.

Open source code can be publicly reviewed.

Reviewed by Yunis
11 July 2023 (Updated 19 July 2024)

RhinoFi Crypto Platform

Rhino.fi is a simple multi-chain platform that allows you access to all the top decentralized finance (DeFi) opportunities in one spot. Will Harborne has founded rhino.fi in August 2019. He previously founded Ethfinex, a decentralized technology exchange managed by the community. He oversaw the development of the Tether stablecoin as well as Bitfinex, the parent company of Ethfinex.

The multi-chain, self-custodial rhino.fi platform, formerly known as deversiFi, is hosted on layer 2 of the Ethereum blockchain. One of the safest and most secure DeFi exchanges is rhino.fi, where finances are exchanged between audited smart contracts. These smart contracts are transparent and cryptographically safe. They have their own native token, called DVF, which users can trade on their platform or stake for governance rights. After doing so, users can vote on improvements to the rhino.fi protocol and even propose their own. The initial selling revenues from DVF are held in their decentralized autonomous organization (DAO), the community-run, rules-based organization that manages rhino.fi. DVF was introduced in July 2021.

All the best DeFi options are available on rhino.fi, including swaps, yield, staking, and trading. In the beginning, Rhino.fi concentrated on ERC-20 tokens. After that, in 2022, Polygon enabled cross-chain swaps, and soon additional EVM chains will get this capability as well. Rhino.fi settles transactions independently as a layer 2 platform that is only connected to the main Ethereum blockchain before posting the records back on layer 1. This offers complete on-chain security while sparing users from the Ethereum main net's congestion and its punishing gas (transaction) prices.

The foundation of our particular technology is a validation engine called a "roll up" that combines transactions and processes them in bulk, further speeding up the procedure. Zero-knowledge proofing is used to validate each transaction, maximizing user privacy. Rhino.fi is an unattended wallet. This indicates that the Ethereum blockchain's smart contracts are where the platform's cryptocurrency deposits are lodged or kept. The smart contracts are a collection of open-source codes that have been examined and verified by the community.

On the platform, rhino.fi provides high-level liquidity properties. Rhino.fi mixes liquidity from centralized and self-custodial sources. Due to limited slippage and tight bid offers, traders can profit at the ideal pricing. Tokens must be staked on the exchange in order to receive voting weight and qualify for a portion of trading fees.

The website of rhino. fi has a very wide range. You can access most of the things you need and wonder about, such as audit reports, team members and founders, frequently asked questions, blogs, etc. The website also includes step-by-step information on how to become a member, but it does not have a mobile application. The best feature of rhino. fi is that there are no KYC requirements or sign-up procedures. Users can immediately begin trading by connecting their external wallets to the exchange. These wallets are supported by the platform; Ledger, MetaMask, Keystore, and Authereum. DeFi is simple with rhino. fi. Without paying Ethereum network fees, you can Swap, Invest, and Send.

Pros

tick $14,790,080 USD currently invested (TVL)
tick Investments in 8 coin pairs available
tick Supports protocols including Arbitrum, Ethereum and Polygon

Cons

cross Short and unproven history
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

RhinoFi Savings Accounts

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  Yield Tokens Term Yield Yield Trend
4.55%
CUSDT 4.55% APY
Instant Access
4.55%
CUSDT 4.55% APY
4.48%
4.48% APY
Instant Access
4.48%
4.48% APY
4.18%
STMATIC 4.18% APY
Instant Access
4.18%
STMATIC 4.18% APY
3.79%
3.79% APY
Instant Access
3.79%
3.79% APY
3.66%
WSTETH 3.66% APY
Instant Access
3.66%
WSTETH 3.66% APY
3.49%
3.49% APY
Instant Access
3.49%
3.49% APY
3.24%
DSETH 3.24% APY
Instant Access
3.24%
DSETH 3.24% APY
0.17%
0.17% APY
Instant Access
0.17%
0.17% APY
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RhinoFi Supported Currencies

RhinoFi supports over 20 currencies including Bitcoin, Ethereum, Tether USDt and Shiba Inu.

RhinoFi Languages

RhinoFi's supports the following languages: English.

RhinoFi Key Data

Company
Legal name rhino.fi Labs
Year founded 2017
Country incorporated in Virgin Islands, British
Decentralised cross No
Open source tick Yes
Non-custodial tick Yes
Products
Savings accounts tick Yes
Loans cross No
Crypto to crypto exchange tick Yes
Fiat to crypto exchange cross No
Pro exchange marketplace cross No
Peer to peer exchange cross No
Margin trading cross No
Instantly buy crypto with fiat tick Yes
Crypto withdrawals to private wallet tick Yes
Futures exchange cross No
Chain agnostic cross No
Security
Know your customer cross No
Credit check cross No
Support
24/7 support tick Yes
Email support tick Yes
Phone support cross No
Chat support tick Yes
Investment Strategy
Liquidity pools tick Yes
DeFi products tick Yes
Unsecured loans cross No
Key People
Will Harborne
CEO and Co-founder
Dan Yanev
CPO and Co-Founder
Ross Middleton
CFO and Co-founder
Lexi Short
CMO
Konrad Strachan
CTO

ARhinoFi is incorporated in Virgin Islands, British.

Useful Links

RhinoFi Contact Details

https://rhino.fi/
rhino.fi Labs -

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