Ring Financial is multi-blockchain compatible decentralized finance (Defi) platform established on the Binance Smart Chain. A multi-blockchain solution refers to one that is compatible with more than one blockchain. The project aims to make Defi available to everyone and provide users with a source of passive income. The platform seeks to solve some of the problems associated with the current Defi system, like lack of direction, high fees, complex user experience, and risk.

The platform employs a multi-chain yield processing node called the Ring Node. Ring Financial is designed so users don’t need to navigate between multiple-yield protocols. The platform was created to be a one-stop shop for users. The users need not conduct any research before starting with decentralized finance.

An allocation protocol within the Ring Financial platform is governed by nodes that automatically decide the percentage of funds to be allocated to each protocol. The entire process is managed by one dApp and the Ring Node mechanism. A portfolio of algorithms automatically takes care of the traders’ cryptocurrency by spending in different Defi protocols and generating high-yield daily rewards for them. The rewards are given in RING. RING is the native governance token of the Ring Financial platform.

Ring Financial is governed by a decentralized autonomous organization (DAO). Each user and token holder can participate in the project evolution. Users get the voting rights to decide on the major decisions of the platform. The platform plans to develop a staking protocol in the near future for those users who are not able to create a whole node for themselves.

The team at Ring Financial consists of seven enthusiastic people engaged in further creating and developing the Defi platform. The core members of the team decide to remain anonymous. The maximum supply of RING is 1,000,000 tokens.