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About RagnarokDAO

RagnarokDAO is a reserve cryptocurrency based on the Avalanche network. The native token of RagnarokDAO is "RGK'' whose ticker name is also RGK. The RagnarokDAO is actually a fork of Olympus DAO (a DeFi initiative that aims to build worldwide crypto-backed stablecoin assets). In addition, RagnarokDAO claims to employ the well-known "bond" and "stake" system to acquire capital and expand token supply.

RGK’s practical approach for seeking to accumulate value is staking. It is claimed that stakers can get rebase incentives by putting their RGK on RagnarokDAO's website. According to the APRs defined by the protocol, the quantity of tokens aims to grow with each rebase. The yield is automatically compounded. The annual percentage rate (APR) is the monetary value or incentive that traders may receive to make their crypto tokens available for loans, considering yield rates and any other charges that borrowers must pay.

When the user stakes, RGK is locked, and an equivalent amount of sRGK (swapped RGK) is received. At the end of each ‘epoch,’ the user's sRGK balance is rebased automatically. The time taken for a specific number of blocks on the chain to be finished is referred to as an ‘epoch.’ The platform claims that users can burn sRGK and receive an equal quantity of RGK when they un-stake. It is also claimed that the user can forfeit the forthcoming rebase reward if they un-stake.

RagnarokDAO's secondary value accrual approach is known as minting. When users mint RGK tokens, they essentially sell their assets to the system to purchase a bond. Minting actions are a hybrid of fixed-income investment, a futures contract, and an option. The minter can mint a certain quantity of RGK, and vesting will take place at a specific time. Since the total amount of token seeks to increase as the users mint and stake the RGK token, there is no maximum supply. But, the initial supply of the RGK was 87,500 coins.

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Australia News about RagnarokDAO

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Decrypt • May 02, 24

Bitcoin and Ethereum Rebound as Interest Rates Remain Unchanged in US

Bitcoin and Ethereum are rebounding after a rough couple of days leading up to the Federal Reserve deciding not to change interest rates.

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BeInCrypto • May 02, 24

Jito Surpasses $1.3 Billion TVL Amidst Anticipation of Restaking

Jito's TVL surge to 10 million SOL. Latest rumors point to the protocol's potential restaking venture.The post Jito Surpasses $1.3 Billion TVL Amidst Anticipation of Restaking appeared first on BeInCrypto.

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BeInCrypto • May 02, 24

Inside Aave V4: Safer, Faster Lending Solutions

Aave V4 is set to launch in mid-2025, introducing enhanced lending protocols, a Unified Liquidity Layer, and Smart Accounts to improve DeFi functionality and user experience.The post Inside Aave V4: Safer, Faster Lending Solutions appeared first on BeInCrypto.

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Bitcoin Magazine • May 02, 24

Second Largest European Bank is Buying Bitcoin ETF: 13F SEC Fillings

Recent 13F filings show Europe's second largest bank, BNP Paribas, has purchased Bitcoin exposure via a US spot Bitcoin ETF.

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DL News • May 02, 24

Why bulls believe Bitcoin ETFs will hit $100bn in assets later this year

Bitcoin ETFs were a game changer that are only beginning to reshape the crypto market.

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RagnarokDAO is on the rise this week.

The price of RagnarokDAO has increased by 100.00% in the last hour and increased by 100.00% in the past 24 hours. RagnarokDAO’s price has also risen by 100.00% in the past week.

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