The first purpose that Richard's soliloquy appears to serve is to reveal the motivations and personality of the character - we can see that he hates himself because he was basically a hunchback, so he was pretty self-conscious about it. He also reveals in the first scene what he intends to do throughout the play.
As for the second purpose, I'd choose the answer - it informs the audience about the background of the plot, as it gives us reasons why Richard decided to do what he did.
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Volunteering is a very nice thing to do
Answer:
The value of going to the bay had diminished. The explanation for this is that he had just finished an exceptionally stressful trial that he had imposed on himself.
