Rikkei Finance (RIFI) is a secure lending and borrowing platform on the blockchain. As per its whitepaper, financial lending markets are a booming ecosystem for traders and speculators who swap cryptocurrency assets for gains. However, the platforms are not entirely equipped to cater to the evolving virtual markets. The problems include: 

Most cryptocurrency projects are restricted to a single blockchain. For example, users with crypto assets in Ethereum (ETH) cannot participate in the Binance Smart Chain (BSC) or other blockchains.

The prevailing yield rate in DeFi are not effective enough to estimate the costs of borrowing less demand or the inflated price of capital.

Collaterals supporting the lending systems are either limited to stablecoins or cryptocurrency tokens.

Traders are exposed to higher risks of asset liquidation and damage. Asset liquidity implies trading crypto and non-liquid assets in the open market to gain additional liquidity.

Rikkei Finance aims to address the flaws in the present lending and borrowing protocol. The protocol wishes to feature cross-chain support, allowing users to conduct lending and borrowing of digital assets across multiple blockchains in a safe and secured way. The protocol also encourages the use of wrapped tokens or cryptocurrencies pegged to the values of different crypto assets on separate blockchains. Rikkei Finance allows users to participate in projects and utilize their assets on any blockchain using the wrapped tokens. The protocol seeks to modify and upgrade the yield rate model to make borrowing of digital assets less exorbitant. 

Rikkei Finance works towards increasing liquidity while providing users with additional rewards. Besides stablecoins and tokens, Rikkei Finance allows users to put up NFTs as collateral. Hence, the protocol features an NFT marketplace with a diverse range of less expensive NFTs. The protocol also enables users to purchase insurance or coverage for the assets stored in the crypto vaults. 

Powering Rikkei Finance is the RIFI token. The crypto-token plays a crucial role in the metaverse. Users can clear off the platform charges using RIFI tokens. Rikkei Finance distributes rewards among lenders and borrowers using RIFI. Since lenders act as liquidity providers, the platform encourages users to stake their digital assets into the lending pools. The lenders further earn rewards or additional RIFI tokens for staking their holdings. Users can participate in farming the RIFI tokens and NFTs for increased revenues. RIFI intends to function as a governance token too. The token enables holders to place proposals, debate, and vote in matters like protocol improvement. 

Rikkei Finance was launched in 2022. The total supply of Rikkei Finance tokens is 500,000,000 RIFI.