One of the major digital asset exchanges - Huobi Global announces that it will launch its fifth Primelist event with partial access to the new Defi project, Rikkei Finance, &amp; its token RIFI.

DeFi's metaverse procedure, Rikkei Finance authorizes safe and steady open lending, cross-chain support faculties, NFT lending, and crash coverage.
<h2>Huobi Primelist to Register RIFI Token to Authorize Rikkei Finance's Ambitions</h2>
Lending protocol's common issue of lending assets only on a specific blockchain is challenged by Rikkei Finance. Rikkei Finance bestows cross-chain transactions via wrapped tokens. Rikkei Finance even contrives an advanced <a href="https://qualityhyundaicars.com/huobi-primelist-to-list-rifi-token-supporting-rikkei-finances-ambitions-to-enable-secure-open-lending/">interest</a> rate model. This rate model includes the cost of borrowing from periods of both low and high utilization. So, Rikkei's operation helps discourse high borrowing costs, and loan demand is lower.

Owing to its vigorous technical team, large user base, and ecosystem resources, Huobi is <a href="https://www.cryptoknowmics.com/news/new-listing-on-huobi/">eligible</a> to provide substantial support to Rikkei Finance. It can even offer its token with improved liquidity.

Jeff Mei, Director of Global Strategy at Huobi Group claimed, "Huobi Primelist aspires for a listing on a large exchange for taking the projects to the next level. RIFI addresses actual problems with lending protocols. According to our instincts, RIFI's solutions are targeting the right market opportunity. We are very happy with our loyal users being able to participate in Rikkei Finance's future growth."
<h2>Active Participation for the Event</h2>
In the course of the most recent Primelist event, around 404,000 users across 151 countries participated. More than 31.3 million Huobi <a href="https://www.cryptoknowmics.com/news/monox-profitable-since-mainnet-launch-announces-its-public-token-sale-on-huobi-primelist/">Tokens</a> were clasped by the users to participate, and the token jumped over 25x in price in less than 15 minutes of trading.

Starting 10:00 (UTC) on Tuesday, Dec 7, 2021, users will have an opportunity to buy RIFI assets on Huobi Primelist. The purchase can be done in two ways, either by queuing for numbered tickets or holding Huobi Tokens.

Huobi Primelist to Register RIFI Token, Substantiating Rikkei Finance's Ambitions for Secure Open Lending

Huobi Global announces that it will launch its fifth Primelist event with partial access to the new Defi project, Rikkei Finance, & its token RIFI.

Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.

Huobi Primelist to Register RIFI Token, Substantiating Rikkei Finance's Ambitions for Secure Open Lending

Top Picks