RABI Holder Responsibilities

📇 Voting Powers:
As a RABI token holder, you play a vital role in shaping the protocol by participating in governance and decision-making processes. Your voting powers include the ability to:

  • Add new collateral types with unique risk parameters.
  • Modify or create new risk parameters for existing collateral.
  • Adjust the RABI Savings Rate (DSR) to optimize returns and stability.
  • Select Oracle Feeds and appoint Emergency Oracles.
  • Trigger Emergency Shutdowns to protect the system during critical situations.
  • Approve system upgrades for enhanced functionality.

🧾 Fund Allocation:
RABI holders manage the RABI Buffer, which is funded by:

  • Stability Fees and Liquidation Fees.
    These resources are used to finance infrastructure development and research to ensure the protocol remains robust and innovative.

📊 Governance Flexibility:
The governance mechanism allows for:

  • Advanced bundled contracts that streamline system updates by combining multiple changes into a single proposal.
  • Continuous adaptability and upgrades to meet evolving market needs and challenges.

✔️ Empowering the RABI Community
RABI holders are more than participants—they are the architects of the protocol’s future. Through your decisions, you ensure the system remains secure, efficient, and forward-looking.

🌟 Be a part of the RABI revolution and shape the future of decentralized finance! 🌟

 

About Rabi

The Rabi project is a DeFi application built on the Binance Smart Chain blockchain. It generates Rabi tokens that are soft-pegged to Bitcoin, gold, oil, the US dollar, and shares of technology companies. Rabi tokens are designed to minimize price volatility and serve as a store of value, medium of exchange, unit of account, and standard of deferred payment. The Rabi Protocol is managed by RABI token holders who govern the system and its financial risks through scientific governance. The Rabi Foundation prioritizes security through Formal Verification and mitigation plans for potential risks. Rabi Protocol is a decentralized token that is backed by collateral and is not issued or administered by any centralized actor or trusted intermediary. It has undergone …