RisedleCAKERISE & CAKEDROP are live on Risedle
Today, we launched CAKERISE and CAKEDROP, the first leveraged tokens built on top of Fuse that is maintained by Midas Capital on BNB Smart Chain. CAKERISE and CAKEDROP are derivatives products with no margin or liquidation risks. It provides you with leveraged long and short exposure to the CAKE token, which may amplify profitability and potential losses:If CAKE price goes up 5% 🟢, then:CAKERISE price will up 10% 🟢CAKEDROP price will down 10% 🔴If CAKE price goes down 5% 🔴, then:CAKERISE p...
RisedleSupercharged Web3 Trading Experience
You may notice that the current DeFi ecosystem is developed in silo, where every protocol compete to get the highest liquidity or usage by using token incentives. This competition created a misaligned incentives model that leaves a lot of token to go into death spiral, bleed to dry and race to zero fees.It’s all never-ending death spiralComposability has been discussed endlessly but yet we only see small number of projects that focused on this area. Everyone is trying to become the new primit...
RisedleFebruary Development Update
Hi again from the core team at Risedle! We’ve got a lot of updates to share, so let’s get started.Better Product DocumentationWe have revamped Risedle’s documentation site. Previously we used a notion page for the documentation. There is no clear site navigation and full text search functionality built in. Then we move the documentation to gitbook. It has the best navigation and full text search functionality.Clear guideIn the new docs we focus on explaining Risedle’s products instead of the ...
The DeFi Interface of Arbitrum
RisedleCAKERISE & CAKEDROP are live on Risedle
Today, we launched CAKERISE and CAKEDROP, the first leveraged tokens built on top of Fuse that is maintained by Midas Capital on BNB Smart Chain. CAKERISE and CAKEDROP are derivatives products with no margin or liquidation risks. It provides you with leveraged long and short exposure to the CAKE token, which may amplify profitability and potential losses:If CAKE price goes up 5% 🟢, then:CAKERISE price will up 10% 🟢CAKEDROP price will down 10% 🔴If CAKE price goes down 5% 🔴, then:CAKERISE p...
RisedleSupercharged Web3 Trading Experience
You may notice that the current DeFi ecosystem is developed in silo, where every protocol compete to get the highest liquidity or usage by using token incentives. This competition created a misaligned incentives model that leaves a lot of token to go into death spiral, bleed to dry and race to zero fees.It’s all never-ending death spiralComposability has been discussed endlessly but yet we only see small number of projects that focused on this area. Everyone is trying to become the new primit...
RisedleFebruary Development Update
Hi again from the core team at Risedle! We’ve got a lot of updates to share, so let’s get started.Better Product DocumentationWe have revamped Risedle’s documentation site. Previously we used a notion page for the documentation. There is no clear site navigation and full text search functionality built in. Then we move the documentation to gitbook. It has the best navigation and full text search functionality.Clear guideIn the new docs we focus on explaining Risedle’s products instead of the ...
The DeFi Interface of Arbitrum
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We have finalized the development and audit for Fuse Leveraged Token since early this month. There’s some delay on the launch due to a global pause that currently happens on fuse, making us unable to launch FLT properly on Arbitrum.
After having a few considerations, we have decided to work with midascapital.xyz to launch on binance smart chains. For anyone who doesn’t know about them, Midas Capital is a DAO within the Tribe DAO ecosystem, bringing Rari Capital’s Fuse pools to EVM compatible blockchains.
Fuse is a permissionless money market that allows anyone to create customized and isolated pools for lending and borrowing any asset. Pool creators have the flexibility to modify various parameters (interest rate curves, oracles, collateral factors, etc.) according to their risk appetite.
Approximately 2 weeks after the release of this post. Can be sooner or later!
We will release a couple of leveraged tokens below:
WBNBRISE
BTCBRISE
ETHBRISE
CAKERISE
we can’t promise some DROP token yet, but hopefully it will be a surprise!
Fuse Leveraged Token will be built on top of Midas. We will create our own pool and use that particular pool to create our leveraged token. We will also create another front-end on our website that will interact directly with the vault.
More detailed documentation about FLT is available here.
Go to our website https://risedle.com/binance/markets
Click on any product that you like to use
Mint the leveraged token directly from Leverage tab
You can also deposit BUSD on the Lend section to provide liquidity for the leverage token.
This launch will act as an experimental phase of our product development. We want to create a fully permissionless leverage product in the crypto space and this would be our big first step!
We have finalized the development and audit for Fuse Leveraged Token since early this month. There’s some delay on the launch due to a global pause that currently happens on fuse, making us unable to launch FLT properly on Arbitrum.
After having a few considerations, we have decided to work with midascapital.xyz to launch on binance smart chains. For anyone who doesn’t know about them, Midas Capital is a DAO within the Tribe DAO ecosystem, bringing Rari Capital’s Fuse pools to EVM compatible blockchains.
Fuse is a permissionless money market that allows anyone to create customized and isolated pools for lending and borrowing any asset. Pool creators have the flexibility to modify various parameters (interest rate curves, oracles, collateral factors, etc.) according to their risk appetite.
Approximately 2 weeks after the release of this post. Can be sooner or later!
We will release a couple of leveraged tokens below:
WBNBRISE
BTCBRISE
ETHBRISE
CAKERISE
we can’t promise some DROP token yet, but hopefully it will be a surprise!
Fuse Leveraged Token will be built on top of Midas. We will create our own pool and use that particular pool to create our leveraged token. We will also create another front-end on our website that will interact directly with the vault.
More detailed documentation about FLT is available here.
Go to our website https://risedle.com/binance/markets
Click on any product that you like to use
Mint the leveraged token directly from Leverage tab
You can also deposit BUSD on the Lend section to provide liquidity for the leverage token.
This launch will act as an experimental phase of our product development. We want to create a fully permissionless leverage product in the crypto space and this would be our big first step!
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