The DeFi Interface of Arbitrum

CAKERISE & 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...

February 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 ...

Profanity Address Exploit on Binance Smart Chain
Around 30 days ago, we experienced exploit that caused by profanity attack as discovered by 1inch in this article: A vulnerability disclosed in Profanity, an Ethereum vanity address tool. Similar cases:Dappnode $165k exploit, private key generated using fork of ProfanityRubic $200k exploit, admin private key compromisedWe had anticipated the potential exploit before by moving on some of the internal wallet and deployer however unfortunately we missed 2 wallets that was being used as initial m...

CAKERISE & 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...

February 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 ...

Profanity Address Exploit on Binance Smart Chain
Around 30 days ago, we experienced exploit that caused by profanity attack as discovered by 1inch in this article: A vulnerability disclosed in Profanity, an Ethereum vanity address tool. Similar cases:Dappnode $165k exploit, private key generated using fork of ProfanityRubic $200k exploit, admin private key compromisedWe had anticipated the potential exploit before by moving on some of the internal wallet and deployer however unfortunately we missed 2 wallets that was being used as initial m...
The DeFi Interface of Arbitrum

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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.

Composability 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 primitive and it doesn’t make any sense. We believe there’s a gap for composability within DeFi where we can fill in.

Intra-protocol router that will connect liquidity and demand for leverage instantly. Open long and short position for any token available on any lending & borrowing protocol in the space. Enables better incentive model and boost existing liquidity.
All the features that will be available inside Risedle Leverage Engine:
A simple dashboard to overview the whole chain’s trading activity based on latest token trend and user interest. The new token explorer will deliver assets oriented instead of pool oriented and permissionless listing.

There is a lot of DEX aggregators already, all coming with their own routing mechanisms and promising the best pricing for traders. So instead of building another aggregator, we will create a meta aggregator for the existing aggregator in the space. Traders could select which aggregator they prefer or automate the selection process.
At the end of the day, you will always get the best price for your trade.

Router to connect the Meta-aggregator DEX with any money market in the space. Allowing you to take margin position on any token available on the money market. This router will be market agnostic and will not permanently integrated into specific money market and you can move your position between lending protocol in just one single click.
You will be able to select asset to be leveraged and decide on where they want to get the liquidity for the leveraged position based on the borrow APY, security or maybe bribe. This router could be utilized by new money market to boost their usage in a more simplified manner.

Every time you open any position, the token will be deposited into the lending and borrowing protocol of your choice. For example if you use AAVE to take 2x leverage position on WETH then the protocol will deposit your WETH into AAVE which will earn yield from people borrowing. This extra yield could be useful to reduce borrow rate on leverage position. If more people are shorting, then you will get paid instead.

Reduce risk on your open position through isolated NFT vault that will protect your overall balance from any specific risky position. You can open several vault with different risk assessment.
For example: You leverage long WETH with 40% Collateral Ratio and at the same time open another higher leverage long with 70% Collateral Ratio for more upside and higher risk. Both your positions will be isolated from each other.

All the features mentioned above are not complete and final, we will keep building more cool products to accomplish our goal: building the permissionless DeFi trading platform.
We welcome you to collaborate more on the future development of Risedle. It is definitely not gonna be easy and to be honest we are not 100% sure that all of the things that we mentioned above can be properly build, but we believe that in crypto you need to aim for the moonshot and nothing else. Our plan is to take the high road and create something very cool that everyone can use on daily basis.
Let’s connect!
Follow us on @risedle
Join Risedle Discord
Visit Risedle Homepage
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.

Composability 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 primitive and it doesn’t make any sense. We believe there’s a gap for composability within DeFi where we can fill in.

Intra-protocol router that will connect liquidity and demand for leverage instantly. Open long and short position for any token available on any lending & borrowing protocol in the space. Enables better incentive model and boost existing liquidity.
All the features that will be available inside Risedle Leverage Engine:
A simple dashboard to overview the whole chain’s trading activity based on latest token trend and user interest. The new token explorer will deliver assets oriented instead of pool oriented and permissionless listing.

There is a lot of DEX aggregators already, all coming with their own routing mechanisms and promising the best pricing for traders. So instead of building another aggregator, we will create a meta aggregator for the existing aggregator in the space. Traders could select which aggregator they prefer or automate the selection process.
At the end of the day, you will always get the best price for your trade.

Router to connect the Meta-aggregator DEX with any money market in the space. Allowing you to take margin position on any token available on the money market. This router will be market agnostic and will not permanently integrated into specific money market and you can move your position between lending protocol in just one single click.
You will be able to select asset to be leveraged and decide on where they want to get the liquidity for the leveraged position based on the borrow APY, security or maybe bribe. This router could be utilized by new money market to boost their usage in a more simplified manner.

Every time you open any position, the token will be deposited into the lending and borrowing protocol of your choice. For example if you use AAVE to take 2x leverage position on WETH then the protocol will deposit your WETH into AAVE which will earn yield from people borrowing. This extra yield could be useful to reduce borrow rate on leverage position. If more people are shorting, then you will get paid instead.

Reduce risk on your open position through isolated NFT vault that will protect your overall balance from any specific risky position. You can open several vault with different risk assessment.
For example: You leverage long WETH with 40% Collateral Ratio and at the same time open another higher leverage long with 70% Collateral Ratio for more upside and higher risk. Both your positions will be isolated from each other.

All the features mentioned above are not complete and final, we will keep building more cool products to accomplish our goal: building the permissionless DeFi trading platform.
We welcome you to collaborate more on the future development of Risedle. It is definitely not gonna be easy and to be honest we are not 100% sure that all of the things that we mentioned above can be properly build, but we believe that in crypto you need to aim for the moonshot and nothing else. Our plan is to take the high road and create something very cool that everyone can use on daily basis.
Let’s connect!
Follow us on @risedle
Join Risedle Discord
Visit Risedle Homepage
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