LeverFi Transition — Deprecation of rUSD Platform

NOTE: For users who have fully exited rUSD minting and withdrawn collateral, this update does not affect you.

The rUSD platform was launched in Q2 2021 to help users unlock liquidity from on-chain yield-generating assets via an overcollateralized stablecoin.

As we progressed into 2022, the global macroeconomic structure had changed rapidly with higher interest rates, major crypto firms meldown and heightened regulatory risks. In light of this, the proposal to transit to the LeverFi platform was approved by the RAMP DAO in Q2 2022 to revitalize the protocol and pivot into a less emission-intensive utility model.

With the launch of LeverFi in December 2022, the rUSD platform shall be deprecated in parts across H1 2023, based on the following Deprecation Dates:

• 1 Feb 2023 — Closure of all Avalanche vaults and rUSD-Avax bridge.
• 1 Mar 2023 — Closure of all Ethereum vaults and rUSD-ETH bridge.
• 1 Apr 2023 — Closure of all Polygon vaults and rUSD-Polygon bridge.
• 1 May 2023 — Closure of all BSC vaults, rUSD/RAMP cross-chain bridges and DEX integrations.

Users are required to withdraw their assets prior to the Deprecation Dates, otherwise assets will no longer be accessible.

We thank our users for using RAMP DEFI, and are excited to continue providing new, innovative liquidity solutions for our users with LeverFi.