With stablecoins becoming increasingly Vai to DeFi and on-chain finance, one of the biggest issues remains the Shard of liquidation and Capital across blockchains. Users wanting to leverage assets across multiple ecosystems often rely on traditional bridges or wrapped Token, leading to security risks, high costs, and a complex experience. This makes efficient Capital flow difficult, especially for large-scale assets like BTC or ETH. So what makes River special? Let's find out with Coin68 in the article below!
What is River? A chain-abstraction stablecoin system connecting multichain liquidation .
What is a river?
River is a chain-abstraction stablecoin system designed to connect liquidation, Capital , and returns across various blockchain ecosystems. Instead of requiring users to move assets via bridges or issue wrapped Token, River Vai as a Capital support layer, allowing assets to be collateralized on one chain and generate direct use value on another.
River's Homepage
At the heart of River is the satUSD stablecoin, backed by large assets such as BTC, ETH, BNB , and Liquid Staking Token (LST). Thanks to this architecture, River aims to create a unified stablecoin infrastructure, reducing friction in cross-chain Capital utilization.
The unique features of River
Unlike many traditional CDP protocols that operate within a single blockchain, River builds a cross-chain trust layer based on chain-abstraction. Users don't need to worry about which chain their assets are on; they only interact with a unified CDP system. This allows River to act as an intermediary coordinating Capital and profits between ecosystems, rather than simply being a single stablecoin issuance protocol.
Key features of River
- Omni-CDP : A cross-chain CDP platform that allows pledging BTC, ETH, BNB , or LST Token to mint satUSD on another chain, minimizing fees when using multichain Capital .
- satUSD : An Over-Collateralization stablecoin, designed to maintain a 1 USD exchange rate through instant liquidation and direct redemption of collateral.
- satUSD +: A profitable Token for satUSD Stake . SatUSD+ holders Chia in the revenue from minting fees, redemption fees, and liquidation fees of the protocol.
- Smart Vault : A one-click, risk-free profit module. Assets are deployed into CeDeFi and DeFi strategies to generate sustainable returns.
- Prime Vault : A solution for institutions, partnering with custodians such as Ceffu and Cobo to secure assets while maintaining access to River's income stream.
- River4FUN : A community contribution layer that allows users to accumulate River Pts through social activities or Staking. Points can be redeemed for Token at the time of TGE.
Details about the project's Token .
Basic information about the RIVER Token
Project name | River |
Ticket | RIVER |
Calcium | Ethereum |
Contract | 0xda7ad9dea9397cffddae2f8a052b82f1484252b3 |
Total supply | 100,000,000 RIVER |
RIVER Token allocation ratio
RIVER Token allocation ratio
Liquidity : 11%
Community : 32%
Investors : 15%
Team : 18%
Ecosystem : 24%
RIVER Token Issuance Schedule
RIVER Token Issuance Schedule
Uses of the RIVER Token
- Governance : River holders have the right to vote on proposals related to risk parameters, operating mechanisms, and development direction of the River protocol.
- Ecosystem Incentives : RIVER is used as a reward for users participating in core activities such as providing liquidation, participating in the Stability Pool, or contributing to the growth of the ecosystem.
- Community rewards : RIVER Token are distributed to users through community programs such as River4FUN, redeemed from River Pts at the time of TGE.
- Long-term dynamic balance : RIVER Vai as a link between the interests of users, the team, and investors, ensuring the motivation to maintain and expand the satUSD stablecoin system in the long term.
Project development roadmap
Currently, River's development roadmap has not been publicly announced. Coin68 will update as soon as more details become available.
River Development Team
Currently, details about River's core team have not been publicly disclosed. Coin68 will update as soon as more details become available.
Investors in the River project
Investors in the River project
In May 2024, River (Satoshi Protocol) completed a $2 million seed Capital round. This round was co-led by CMS Holdings and RockTree Capital. Besides the two lead investors, the seed round also included participation from several funds and organizations in the crypto sector, including Cypher Capital, Side Door Ventures, Optic Capital, Metalpha, Outliers Fund, and Comma3 Ventures. Additionally, the project received support from angel investors, including Paul Taylor and Tempo Feng.
Summary
Above is all the information about the River project. Coin68 hopes that readers have grasped the basic information to better understand the project and how it works. We wish you more useful knowledge!
Note: The information in this article is for informational purposes only and is a compilation of publicly available information about the project; it is not investment advice. Coin68 is not responsible for any financial decisions you make.
