RIF is a utility token designed to unlock greater possibilities on Bitcoin through Rootstock, the leading and longest-running Bitcoin Layer 2 solution. Supported by a suite of open-source tools and technologies, RIF accelerates development on Bitcoin while incentivizing builders.
Key Features of RIF
Governance and Rewards
RIF token holders can participate in the governance of the Rootstock Collective, a DAO focused on recognizing and rewarding projects built on Bitcoin via Rootstock. By staking RIF (as stRIF), users earn governance rights and rewards in Bitcoin and RIF. Key initiatives include:
- Decentralized Grant Programs for ecosystem development.
- Collective Rewards for community contributions.
👉 Explore Rootstock Collective governance
Inflation Protection & Stablecoin Utility
RIF plays a pivotal role in USDRIF, a stablecoin developed by RIF On Chain. This censorship-resistant protocol leverages Bitcoin’s security via Rootstock, offering:
- Stability through over-collateralization.
- Transparency in transactions.
User-Friendly Domain Names
The RIF Naming Service (RNS) simplifies Rootstock transactions by allowing users to create custom .rsk domain names (e.g., yourname.rsk). Comparable to Ethereum’s ENS, RNS enhances accessibility for Bitcoin’s premier sidechain.
FAQs
What is the Rootstock Infrastructure Framework (RIF)?
RIF is a token powering tools and services on Rootstock, Bitcoin’s Layer 2, enabling decentralized finance (DeFi), governance, and user-friendly solutions.
How is RIF Secured?
RIF inherits Bitcoin’s security via Rootstock’s merge-mining mechanism, ensuring robust protection against attacks.
What Are RIF’s Primary Use Cases?
- Governance voting in the Rootstock Collective DAO.
- Stablecoin collateral for USDRIF.
- Domain registrations via RNS.
👉 Learn more about RIF’s ecosystem
Key Milestones for RIF
- Launch of Rootstock Collective (2023).
- Integration of USDRIF stablecoin.
- Expansion of RNS adoption.
Conclusion
RIF bridges Bitcoin’s security with Layer 2 innovation, fostering a decentralized, user-centric ecosystem. Its multifaceted utility—from governance to stablecoins—positions it as a cornerstone of Rootstock’s infrastructure.