RAMP Liquidity Incentives in Binance Smart Chain Now Live!
We are excited to share that the RAMP Liquidity Incentives Program on Binance Smart Chain has officially started!
The RAMP collateralized stablecoin lending protocol allows users to deposit assets at high APYs while borrowing against these assets at the same time, allowing for a highly efficient asset scaling platform.
With this incentive program, we hope to help new DeFi users discover the full potential of the RAMP platform and maximize the full value of their crypto-asset ownership in the process.
rUSD Borrowing Program
30,000,000 RAMP are allocated for rUSD borrowing taking place on Binance Smart Chain.
RAMP tokens are distributed in accordance with the schedule below across a period of 23 months across the asset markets supported on the RAMP platform:
Rewards Vesting — Choose Your Reward Option
All rewards earned are subjected to a vesting schedule to regulate the flow of emissions.
Users can choose to either claim all rewards on the spot with a 50% penalty, or vest their rewards to receive 25% immediately, and 25% each time after 30/60/90 days.
Single Asset and CAKE-LP Asset Markets
The RAMP platform supports the borrowing of rUSD from a wide range of assets, including single assets and LP assets.
The list of supported assets are as below:
Single Asset Markets
Pancake LP Asset Markets
As at time of writing, users stand to earn over 10,000% APY for assets deposited as collateral, and over 20,000% APR on the rUSD minted from these assets.
Get Creative with rUSD Minting!
Given the wide range of assets supported for rUSD minting, users can mint rUSD from existing assets that they already owned.
With the RAMP rewards earned and rUSD minted, users have numerous options to engage in various DeFi activities based on individuals risk / reward tolerances, including and not limited to:
- staking RAMP-rUSD LP assets to multi-stack yield, and borrow again using RAMP-rUSD as collateral;
- combine rUSD with BUSD and become a stablecoin liquidity provider;
- swap rUSD for RAMP, CAKE, BNB or any other tokens if you wish to increase exposure to assets with capital appreciation potential;
- recursively stack up on a specific asset of choice (e.g. CAKE/USDT LP) which has high deposit yields of above 50% and high rUSD minting rewards (20,000+%); or
- you can even send rUSD to Polygon to swap for other tokens on QuickSwap!
We look forward to users getting creative and to hear stories on how users maximize outcomes using the RAMP platform. Drop us a message on Twitter or in our community channels on how you are utilizing your rUSD!
Join the RAMP Community
Backed by world-class investors, RAMP DEFI is an optimized lending platform that aims to give users the highest deposit yields and lowest borrowing fees on collateral assets within Binance Smart Chain and Polygon.
Using the RAMP solution, users with staked assets can continue to receive staking rewards, retain capital appreciation potential on their staked portfolio, and unlock liquid capital to invest in new opportunities at the same time.
If you are interested to participate in our community and receive timely updates from the following official channels:
For partnerships, media, or other collaboration opportunities, please email firstname.lastname@example.org.