RABI Teams ๐ฌ
RABI teams consist of individuals and service providers, who may be contracted through Rabi Governance to provide specific services to Rabi Foundation. Members of Rabi teams are independent market actors and are not employed by the Rabi Foundation๐ฏ
The flexibility of Rabi Governance allows the Rabi community to adapt the Rabi team framework to suit the services needed by the ecosystem based on real-world performance and emerging challenges๐จ
Examples of Rabi team member roles are the Governance Facilitator, who supports the communication infrastructure and processes of governance, and Risk Team members, who support Rabi Governance with financial risk research and draft proposals for onboarding new collateral and regulating existing collateral๐ฏ
While the Rabi Foundation has bootstrapped Rabi Governance to date, it is anticipated that the Rabi will take full control, conduct RABI votes, and fill these varied Rabi team roles in the near future๐ต ๐
๐ค ๐ค ๐ค ๐ค
RABI teams consist of individuals and service providers, who may be contracted through Rabi Governance to provide specific services to Rabi Foundation. Members of Rabi teams are independent market actors and are not employed by the Rabi Foundation
The flexibility of Rabi Governance allows the Rabi community to adapt the Rabi team framework to suit the services needed by the ecosystem based on real-world performance and emerging challenges
Examples of Rabi team member roles are the Governance Facilitator, who supports the communication infrastructure and processes of governance, and Risk Team members, who support Rabi Governance with financial risk research and draft proposals for onboarding new collateral and regulating existing collateral
While the Rabi Foundation has bootstrapped Rabi Governance to date, it is anticipated that the Rabi will take full control, conduct RABI votes, and fill these varied Rabi team roles in the near future
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When you enter the market, you hear these words a lot:
โ๏ธ Bullish: A prediction of a price increase.
โ๏ธ Bearish: A prediction of a price decrease.
โ๏ธ Portfolio: A collection of assets you own.
โ๏ธ Hold (HODL): Holding a token for the long term.
โ๏ธ Dip: A sharp drop in price in a short period of time.
โ๏ธ Pump: A price increase due to heavy buying.
๐
When traders talk, you can get confused!๐
Get rid of the jargon and cut into the conversation!๐
When traders talk, you can get confused!
Get rid of the jargon and cut into the conversation!
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RABI Foundation pinned ยซWhen you enter the market, you hear these words a lot: โ๏ธ Bullish: A prediction of a price increase. โ๏ธ Bearish: A prediction of a price decrease. โ๏ธ Portfolio: A collection of assets you own. โ๏ธ Hold (HODL): Holding a token for the long term. โ๏ธ Dip: A sharpโฆยป
Governance of the Rabi Protocol๐
Use of the RABI Token in Rabi Governance๐
The RABI token-the governance token of the Rabi Protocol-allows those who hold it to vote on changes to the Rabi Protocol. Note that anyone, not only Rabi holders, can submit proposals for an Rabi vote๐ฌ
Any voter-approved modifications to the governance variables of the Protocol will likely not take effect immediately in the future; rather, they could be delayed by as much as 24 hours if voters choose to activate the Governance Security Module (GSM). The delay would give RABI holders the opportunity to protect the system, if necessary, against a malicious governance proposal (e.g., a proposal that alters collateral parameters contrary to established monetary policies or that allows for security mechanisms to be disabled) by triggering a Shutdown๐
Use of the RABI Token in Rabi Governance
The RABI token-the governance token of the Rabi Protocol-allows those who hold it to vote on changes to the Rabi Protocol. Note that anyone, not only Rabi holders, can submit proposals for an Rabi vote
Any voter-approved modifications to the governance variables of the Protocol will likely not take effect immediately in the future; rather, they could be delayed by as much as 24 hours if voters choose to activate the Governance Security Module (GSM). The delay would give RABI holders the opportunity to protect the system, if necessary, against a malicious governance proposal (e.g., a proposal that alters collateral parameters contrary to established monetary policies or that allows for security mechanisms to be disabled) by triggering a Shutdown
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Why choose Rabiโ
1. Addressing governance challenges in the blockchain world๐
2. Economic sustainability and security๐
3. Creating an autonomous society๐
4. Responding to the needs of innovation and progress๐
5. Setting goals for a better futureโ๏ธ
๐ค ๐ค ๐ค ๐ค
1. Addressing governance challenges in the blockchain world
2. Economic sustainability and security
3. Creating an autonomous society
4. Responding to the needs of innovation and progress
5. Setting goals for a better future
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Funny Time ๐
Why did Rabi come into being?"
Well, honestly, Robbie woke up one morning and saw all the cryptocurrencies making strange decisions, one wanted to buy the whole world, another said he just wanted to be the boss! Robbie said, "Dad, isn't blockchain for decentralization?! So why are you all concentrating?"๐ง
That's when he decided to step in and show everyone how to be democratic, transparent, and cool!
Now Robbie is kind of like that cool guy in the crowd that everyone wants to get ideas from. He runs the polls, he provides security, and he makes sure no one cheatsโ
In short, Robbie is the friend who always says, "Guys, the game has to be fair!"๐
Why did Rabi come into being?"
Well, honestly, Robbie woke up one morning and saw all the cryptocurrencies making strange decisions, one wanted to buy the whole world, another said he just wanted to be the boss! Robbie said, "Dad, isn't blockchain for decentralization?! So why are you all concentrating?"
That's when he decided to step in and show everyone how to be democratic, transparent, and cool!
Now Robbie is kind of like that cool guy in the crowd that everyone wants to get ideas from. He runs the polls, he provides security, and he makes sure no one cheats
In short, Robbie is the friend who always says, "Guys, the game has to be fair!"
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The Difference Between Tokens and Coins
โTokens and coins are not the same!๐ค
โ๏ธ Coins: Real-world desires like Bitcoin or Ethereum, with their own blockchain.
โ๏ธ Tokens: Like Rabi, they are built on other blockchains and have a specific use.
Now you know that Rabi is a special token designed on advanced blockchains!
โTokens and coins are not the same!
Now you know that Rabi is a special token designed on advanced blockchains!
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Governance and Executive Voting in the Rabi Protocol: โ
The governance process consists of two parts:
๐ฌ Proposal Polling: To build initial consensus in the community before the executive vote.
โ
Executive Voting: To approve system changes, such as risk parameters.
โ๏ธ How it is implemented:
๐ Each vote is managed by smart contracts.
๐ฃ A Proposal Contract contains valid governance actions and can only be executed once.
๐ Any address on Binance SmartChain can create valid Proposal Contracts.
โก๏ธ Active Proposal Election:
๐ RABI token holders vote on proposals.
๐ The address with the most votes is elected as the active proposal and gains access to governance variables.
Role of RABI Token in Recapitalization:โ ๏ธ Recapitalization Source:
๐ฐ If the system debt exceeds its surplus, the supply of RABI tokens will increase through a Debt Auction.
โ ๏ธ Purpose:
๐ค Encourage RABI holders to engage in responsible governance and risk management to prevent debt build-up.
โก๏ธ Active Proposal Election:
Role of RABI Token in Recapitalization:
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How to transfer Rabi between wallets
โHow do you transfer Rabi?โ
1๏ธโฃ Copy the destination wallet address.
2๏ธโฃ In your wallet, click the send option.
3๏ธโฃ Enter the address and specify the amount of Rabi.
4๏ธโฃ Confirm the transaction and wait for the blockchain to confirm!โ
โHow do you transfer Rabi?
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In the world of cryptocurrencies, RABI may have a small start, but with effort, transparency, and innovation, itโs on an upward journey to compete with giants like Bitcoin and Ethereum.
Join us and witness the rise of one of the most promising projects!
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RABI Holder Responsibilities
๐ Voting Powers:
Add new collateral types with unique Risk Parameters.
Modify existing Risk Parameters or add new ones.
Adjust the RABI Savings Rate.
Select Oracle Feeds and Emergency Oracles.
Trigger Emergency Shutdowns.
Approve system upgrades.
๐งพ Fund Allocation:
Manage the RABI Buffer (from Stability and Liquidation Fees) to fund infrastructure and research.
๐ Governance Flexibility:
Propose advanced bundled contracts for system updates.
Ensure the governance mechanism remains adaptable and upgradeable.
โ๏ธ RABI holders shape the future of the protocol!
Add new collateral types with unique Risk Parameters.
Modify existing Risk Parameters or add new ones.
Adjust the RABI Savings Rate.
Select Oracle Feeds and Emergency Oracles.
Trigger Emergency Shutdowns.
Approve system upgrades.
Manage the RABI Buffer (from Stability and Liquidation Fees) to fund infrastructure and research.
Propose advanced bundled contracts for system updates.
Ensure the governance mechanism remains adaptable and upgradeable.
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Funny Time ๐
"Why did Rabi come to life?"
Well, picture this: One day, Rabi was cruising through the blockchain universe and noticed something strange. Some coins were like, "Let's make all the money ours!"๐ฒ , while others were shouting, "Weโre gonna rule the galaxy!" โ
.
Rabi scratched his head๐ค and said, Wait a second, isnโt blockchain supposed to be about decentralization? Why is everyone acting like they're kings?๐
Thatโs when Rabi decided itโs time to take action. Armed with transparency, fairness, and a touch of swagger, Rabi became the superhero of the crypto world. Now, heโs the guy everyone turns to when things get messy.
He runs fair polls๐ , keeps the ecosystem secure ๐ก , and makes sure no sneaky stuff happens behind the scenes. Basically, Rabiโs the chill, no-drama friend who says, "Hey guys, letโs play by the rules and make this fun for everyone!" ๐ฎ ๐
In short, Rabi is here to keep the game fair and the vibes coolโ๏ธ
"Why did Rabi come to life?"
Well, picture this: One day, Rabi was cruising through the blockchain universe and noticed something strange. Some coins were like, "Let's make all the money ours!"
Rabi scratched his head
Thatโs when Rabi decided itโs time to take action. Armed with transparency, fairness, and a touch of swagger, Rabi became the superhero of the crypto world. Now, heโs the guy everyone turns to when things get messy.
He runs fair polls
In short, Rabi is here to keep the game fair and the vibes cool
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This is where ideas come to life, and technology moves forward.
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