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SOFA.ORG BLOG

Towards a Decentralized Future


SOFA EXPANDS EARN PROTOCOL TO SUPPORT $RCH DEPOSITS: ENHANCED YIELD
OPPORTUNITIES FOR $RCH HOLDERS

Sep 11, 2024

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by

admin

In a strategic move to enhance user experience and maximize the utility of its
native token, SOFA.org has expanded its existing Earn Protocol to support $RCH
as a deposit option. This update allows $RCH holders to generate yields directly
through the platform’s structured products, including Rangebound, Bull Trend,
and Bear Trend. With this latest addition, users can now put their $RCH tokens
to work within the SOFA ecosystem, enhancing the utility and value of their
holdings while engaging with SOFA’s established offerings.

Main Takeaways

 * $RCH Now Supported: SOFA’s existing Earn Protocol now accepts $RCH deposits,
   allowing holders to generate yields alongside other supported tokens like
   USDT, USDC, and stETH.
 * Maximized $RCH Utility: By enabling $RCH deposits, SOFA lets holders reinvest
   their $RCH to earn compounded yields, creating a cycle of continuous growth.
   This compounding effect allows users to maximize their returns over time,
   making $RCH an even more powerful asset within the SOFA ecosystem.
 * Diverse Earning Opportunities: Users can choose from structured products such
   as Rangebound, Bull Trend, and Bear Trend, tailored to various market
   strategies and risk appetites.

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Unlocking New Possibilities for $RCH Holders

Previously, SOFA’s Earn Protocol supported deposits in popular stablecoins such
as USDT, USDC, and stETH, offering users a secure and flexible way to
participate in the platform’s structured products. The addition of $RCH as a
deposit option further extends these opportunities, inviting $RCH holders to
actively engage with SOFA’s diverse financial tools.

With this new capability, users who hold $RCH, whether acquired through
secondary markets or airdrops, can now deposit their tokens directly into SOFA’s
vaults. This enhancement provides $RCH holders the chance to earn yields while
contributing to the growth of the SOFA ecosystem.

Why This Matters: Expanding $RCH Utility and Driving Community Engagement

The integration of $RCH into the Earn Protocol is not just an enhancement—it’s a
strategic expansion that significantly boosts the token’s utility and compounds
its value for the community. By allowing $RCH holders to redeploy their earnings
back into the protocol, SOFA enables a powerful cycle of compounding yields:
users who initially deposited USDT to earn $RCH can now use their $RCH to
generate even more $RCH. This compounding effect not only enhances the earning
potential of $RCH but also demonstrates SOFA’s commitment to continuously
expanding the token’s use cases.

This move is part of SOFA’s broader mission to build a dynamic and
interconnected DeFi ecosystem where utility, user empowerment, and engagement
are prioritized. The addition of $RCH as a deposit option is just the beginning,
with more utility expansions on the horizon as the team continues to innovate
and cater to the evolving needs of the community.

A New Chapter for SOFA’s Earn Protocol

As SOFA continues to innovate, the addition of $RCH as a deposit option for the
Earn Protocol represents a crucial step forward in maximizing user value and
broadening the utility of its native token. This update not only allows $RCH
holders to benefit from compounding yields but also sets the stage for future
expansions that will further enhance the token’s role within the ecosystem.

Whether you’re a seasoned SOFA supporter or new to the platform, the inclusion
of $RCH in the Earn Protocol offers an accessible and dynamic way to grow your
holdings. By continually expanding the utility of $RCH, SOFA reaffirms its
commitment to building a robust, user-focused DeFi ecosystem that evolves
alongside its community. Dive into these new opportunities and start compounding
your $RCH today.

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$RCH Earn is LIVE: How to Get Started

The addition of $RCH as a deposit option in the Earn Protocol allows users to
explore new ways to utilize their tokens. Here’s how to get started:

Select $RCH Under Deposit: Visit the Earn Protocol at earn.sofa.org and choose
$RCH as your deposit option. This puts $RCH on the same footing as other
supported tokens, giving holders another avenue to generate returns.

Choose Your Structured Product: Select from SOFA’s established structured
products—Rangebound, Bull Trend, and Bear Trend—each tailored to different
market conditions and designed to match various risk preferences.

Tailor Your Strategy: Set parameters like yield targets, expiry dates and strike
prices to personalize your investment strategy. SOFA’s user-friendly platform
allows for complete customization, putting control in the hands of the user.

Earn Yields with $RCH: Confirm your deposit to start earning. The yields
generated will reflect the performance of your selected structured products,
offering a dynamic way to grow your $RCH holdings.

Now, get started with $RCH Earn at earn.sofa.org !

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Risk Disclaimer

Engaging with cryptocurrency, including $RCH, carries significant market risk
and price volatility. Participate only in activities that you fully understand
and are comfortable with the associated risks. Before engaging, carefully
evaluate your financial situation, experience, and risk tolerance, and consult
with an independent advisor if needed. This information is not financial advice,
and past performance does not guarantee future outcomes. The value of your
participation may fluctuate, and you may not recover the amount initially
involved. You are solely responsible for your decisions, and SOFA.org is not
liable for any potential losses. For more details, please refer to our Terms of
Use and Risk Warning. Availability of products and services may vary by region.

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Next: SOFA.org Integrates Chainlink Automation and Functions To Help Power Its
Asset Settlement Framework→

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SOFA.org reserves the right of final interpretation.