RAMP-rUSD Asset Market Launching on BSC Alongside Liquidity Incentives in 12 Hours!
With the launch of RAMP’s Liquidity Incentive Program just 12 hours away, we are excited to share that the RAMP-rUSD asset market is now supported on the RAMP platform!
The RAMP-rUSD LP token can be created by going to PancakeSwap, and adding liquidity for the RAMP-rUSD LP pair.
Multi-Stack Your Liquidity Rewards!
Users can earn rewards on their RAMP-rUSD CAKE LP tokens, while borrowing against this as collateral to mint rUSD.
What does this mean?
On the RAMP platform, users can leverage on their entire portfolio of assets to borrow rUSD and earn RAMP rewards. By depositing a wide range of collateral across BTC, ETH, BNB, CAKE, RAMP and CAKE LP tokens to mint rUSD, users earn RAMP rewards in the process.
Next, create RAMP-rUSD tokens with the rewards, and deposit again as collateral to mint even more rUSD, earn even more RAMP, and restake again to stack for greater rewards!
RAMP-rUSD To Enhance rUSD Stability Peg
In addition to attractive rewards for our users and community, the launch of RAMP-rUSD as an incentive pair is expected to provide improved stability to the rUSD peg, which is currently only maintained by the rUSD-BUSD pair on PancakeSwap.
By growing RAMP-rUSD pool liquidity, rUSD liquidity can now be balanced across three PancakeSwap pools:
We expect deeper rUSD liquidity to provide better support for rUSD to maintain its stablecoin peg.
Liquidity Incentives Program — Commencing in Less Than 12 Hours!
We are excited to share that the RAMP Liquidity Incentives on Binance Smart Chain is launching in less than 12 hours on 30 November 2021, 02:00 UTC time.
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 leverage solution.
The goal of the liquidity incentives is to encourage users to deposit collateral and borrow rUSD on the RAMP platform. The more assets deposited into RAMP and the more rUSD minted, the more fees generated for the protocol.
The fees are then used to repurchase RAMP and remove RAMP from circulation. Rapidly scaling up TVL and generation of sufficient protocol fees is expected to make RAMP deflationary.
With this incentive program, we hope to help new DeFi users discover the RAMP platform and maximize the full value of their crypto-asset ownership in the process.
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 email@example.com.