Articles on: FAQ

How to Earn DeFi Yield On

When you use the Invest section on, you are purchasing liquidity provider tokens which represent lending positions in various DeFi protocols.

For example, when you supply USDT to the cUSDT product in the Invest section on, you are effectively lending your USDT to the Compound Finance protocol on Ethereum. In return for lending your USDT, you receive cUSDT tokens in your account.

The way this works in practice is that Labs, operator of the platform, holds a float of cUSDT tokens that you can purchase without paying gas on the platform (layer 2). RhinoFi Labs periodically replenishes its holdings on cUSDT and other liquidity provider tokens (by buying on layer 1) to ensure that you can always purchase and redeem your tokens.

Some tokens in the invest section are not Ethereum- native tokens, and instead may be tokens from a different blockchain entirely. It is important that you do your own research before purchasing such tokens to make sure you are comfortable with the risks.

Updated on: 14/07/2022

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