The main goal of Risq Protocol is to provide multi-chain DeFi products for risk and asset management. In late September, the project released its DeFi Options Trading Dex called the OptionsDesk on Binance Smart Chain and soon after bridged its native token $RISQ to AVAX, POLYGON, Ethereum and now has added Moonriver to its lineup.
RISQ Protocol is a new DeFi project with multiple product offerings in the pipeline, starting with the already released OptionsDesk. Traders can take long or short positions on up to 14 different crypto assets, including tokenized stocks via Call and Put options on any strike price and with no KYC or signup. In Q1 2022, the project aims to release its decentralized hedge fund terminal for asset managers and investors. The fund terminal dapp will allow anyone to set up a hedge fund for both regulated and non-regulated hedge funds.
Risq Protocol Defi Hedge Funds will allow managers to trade pooled investor funds for a percentage of net profits. Still, they can never withdraw investor funds as they can in the traditional hedge fund environment. Fund managers will be able to trade on multiple dex’s and defi platforms, including yield farming and lending protocols, access RISQ’s OptionsDesk, and act as Liquidity providers.
About Risq Protocol
Risq Protocol released its native token $RISQ and its DefI Options Dex on September 27th, 2021. Risq is working with multiple crypto projects such as Chainlink for pricing security and AnySwap for the $RISQ bridge. The native $RISQ token and the Options, Pool, and Staking contracts have been audited by Solidity Finance. To show the project’s commitment to the safety & security of our investors, Risq Protocol has been KYC’d by Assure. Assure is a platform focused on bringing a suite of unbiased informational resources to DeFi start-ups. To view our KYC NFT: https://www.assuredefi.io/projects/risq-protocol/
Risq Protocol IDO
The IDO is slated to begin on November 22nd, 2021 on the FreeIDO Launchpad by FreeRiver Exchange on the MoonRiver network. A total of 10,000,000 $RISQ will be available to the market, with 70% of proceeds going to the $RISQ/MOVR liquidity pool on the FreeRiver Exchange. A 20% allotment of the sale will be put towards marking and influencer partnerships. The remaining 10% will go to the team to add funds to options liquidity pools and further project development.
Risq Protocol Token
What utility does the Risq Token serve? RISQ is the protocol’s governance token and has multiple use cases within the tools and services the project is developing. Initially, RISQ will be used to collect and earn trading fees on the Risq Protocol OptionsDesk. Every time a new options contract is opened, the Settlement Fee (1% of the contract size) is sent to the Risq Staking Lot of the crypto asset being traded, such as Tesla, WBTC, LINK, etc.
About FreeRiver
FreeRiver is a Decentralized Exchange (DEX) and Trading Tools platform on the MoonRiver blockchain. $FREE launched on August 28, 2021 with 500,000 FREE tokens (50% of total supply). Another 40% of the supply will be released via their farms and liquidity mining pools, with the last emission occurring 5 years after launch date. 10% of the supply has been earmarked for marketing and partnership efforts.
What Is MoonRiver?
MoonRiver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. Moonbeam provides integration and connectivity between Polkadot Parachains as well as with other chains such as Ethereum and Bitcoin via bridges. Moonbeam was launched in January 2020 by Derek Yoo of Pure Stake.
About Risq Protocol
Join us for the RISQ Protocol IDO on the 22nd of November on the FreeIDO Launchpad on the FreeRiver Exchange. To learn more about Risq Protocol, please join our Telegram, and follow us on Twitter, Medium, and Reddit.
