FAQ
General Questions
What is Refluid?
Refluid is a next-generation liquidity protocol that simplifies liquidity management in DeFi world. It provides users with the infrastructure to stake, borrow, and optimize their assets securely and decentralized.
How does Refluid work?
Refluid allows users to stake their tokens to earn rewards, borrow stablecoins against liquid staked assets, and participate in liquid staking to unlock the true value of their assets. The protocol is built on transparency, interoperability, and community-driven governance.
Is Refluid open source?
Yes, Refluid is completely open source. The protocol's codebase is publicly available on GitHub, allowing developers to review, audit, and contribute to its development.
Getting Started
How can I start using Refluid?
To start using Refluid, simply connect your wallet to the platform and follow the prompts to stake your tokens, borrow stablecoins, or participate in liquid staking.
Do I need to create an account to use Refluid?
No, Refluid is a decentralized protocol, and users do not need to create an account to use the platform. Instead, users interact with the protocol directly through their Ethereum-compatible wallet.
Which assets are supported on Refluid?
Refluid supports a wide range of assets, including cryptocurrencies, stablecoins, and tokenized assets. Supported assets may vary depending on market demand and protocol integrations.
What are the key products offered by Refluid?
Refluid offers a range of products designed to simplify liquidity management and enhance DeFi capabilities. These include staking, borrowing, liquid staking, and developer tools under Refluid Build.
How does Refluid Staking work?
Refluid Staking allows users to stake their tokens and earn rewards securely and decentralized. By staking their assets, users contribute liquidity to the Refluid ecosystem and receive rewards in return.
What is Liquid Staking on Refluid?
Liquid Staking on Refluid enables users to stake their assets, mint refTokens, and use them in other DeFi protocols to boost yield. This allows users to unlock the true value of their assets while maintaining liquidity.
How does Refluid Borrowing work?
Refluid Borrowing allows users to borrow stablecoins against liquid staked assets with ease. Users can access liquidity without selling their assets, with low collateralization requirements and competitive interest rates.
What is Refluid Build?
Refluid Build is a suite of developer tools and APIs for streamlined DeFi development. It empowers developers to create custom DeFi solutions with ease, fostering rapid innovation in the ecosystem.
Security and Privacy
Is my information secure on Refluid?
Yes, Refluid prioritizes the security and privacy of user information. The protocol is designed to be trustless and decentralized, minimizing the risk of unauthorized access or data breaches.
How does Refluid protect against hacks and exploits?
Refluid implements robust security measures to protect against hacks and exploits, including code audits, protocol upgrades, and community-driven governance. In the event of a security incident, the protocol may undergo emergency measures to safeguard user funds and mitigate risks.
Does Refluid collect any personal information?
No, Refluid is completely decentralized and does not collect any personal information from users. The protocol operates on a trustless basis, allowing users to interact with the platform without the need for user accounts or personal data.
Governance and Community
How is Refluid governed?
Refluid is governed by the community through decentralized governance mechanisms. RLD token holders can participate in governance decisions, including protocol upgrades, fee adjustments, and governance proposals.
How can I get involved in the Refluid community?
You can get involved in the Refluid community by joining our social media channels, participating in governance discussions, and contributing to protocol development on GitHub. Your feedback and contributions are valuable to the growth and success of the Refluid ecosystem.
What is the RLD token used for?
The RLD token is the native utility token of the Refluid protocol. It is used for governance participation, fee payments, and liquidity incentives within the ecosystem.
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