RIF is a utility token designed to unlock opportunities on Bitcoin through Rootstock. By staking RIF, users mint stRIF, enabling governance and participation in the RootstockCollective DAO.
The RIF token expands beyond just governance, functioning across multiple protocols on Rootstock to drive user engagement and adoption, addressing the value capture challenge faced by Bitcoin builders.
Built on an enhanced ERC20 standard, RIF allows for streamlined token transfers, reducing complexities for developers and users interacting with smart contracts in the Rootstock ecosystem.
RIF's practical use cases shape Bitcoin's infrastructure, with governance features provided by staked RIF, allowing users to vote, propose changes, and actively participate in the RootstockCollective DAO.
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