what's rubifi?

RubiFi is a decentralized finance protocol built on the Hyperliquid blockchain, focusing on enhancing liquidity provision and market efficiency within the ecosystem. It addresses challenges in spot market deployments by developing mechanisms for automated order books and bootstrapping liquidity, particularly for tokens like $RUB. The protocol aims to optimize liquidity routing to market makers, ensuring efficient capital allocation on Hypercore, Hyperliquid's high-performance layer. Key features include treasury management for community-driven initiatives, such as acquiring ecosystem assets like Hypio NFTs, and fostering collaborative spaces for discussions on points systems and integrations like Hypurrfi. By overcoming deployment hurdles like HIP-2 compatibility, RubiFi enables seamless on-chain trading and value creation. The project emphasizes a player-vs-environment (PVE) approach, promoting collective growth and decision-making within the Hyperliquid community. It supports spot and perpetual markets while integrating with native stablecoins and other ecosystem tools for robust DeFi operations.

Ramen halts development, converting RUB back into a memecoin.