RAMP DEFI
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RAMP DEFI

RAMP Token Utility Design

The RAMP token (“RAMP”) is issued by RAMP DEFI as utility token powering ecosystem value and aligning the interests of all ecosystem participants.

1. RAMP Token Staking

  • Staking of the RAMP token is an important mechanism within the RAMP ecosystem.
  • It confers substantial benefits to users who stake their RAMP tokens, including: (i) value distribution from the rPool; (ii) governance rights; and (iii) increased farming efficiency.

2. Stake for Regular Value Distributions

  • Users who stake RAMP token is eligible for rewards from the weekly rPool distributions.

3. Stake for Ecosystem Governance

  • RAMP holders holding 1% of RAMP’s total supply shall be eligible to raise a Change Proposal (“CP”).
  • RAMP holders can cast their votes for each CP by staking, and the RAMP staked for raising CPs and cast votes are returned 15 days after the end of each CP voting round.
  • Each CP is subject to a quorum requirement to be passed.
  • The final governance structure and details shall be released at a later stage.

4. Stake to Increase Farming Efficiency

  • The RAMP token, when staked, empowers ecosystem participants engaged in liquidity farming in the RAMP ecosystem with greater farming efficiency through a “Farming Power” mechanism.
  • The yield farming model on RAMP works as below:

5. Referral and Development Programs

  • Users receive RAMP tokens as referral rewards for bringing in new participants into the RAMP ecosystem, and developers receive RAMP tokens as development rewards for assisting in product and technical development (such as integration bridges with new blockchain ecosystems).

6. Deflationary Token Burn

  • Proceeds captured in the rPool can be used to repurchase and burn RAMP tokens to create a deflationary mechanism. The exact mechanisms may be raised as a CP for governance to decide on at a later stage.

Drivers of Token Utility

RAMP is designed as a utility and governance token, and functions as such with no characteristics of a security nor any promised forms of returns.

The utility of RAMP is expected to increase along with:

  1. Growth in rUSD and eUSD issuance;
  2. Growth in borrowing / lending activities on rFinance;
  3. Growth in the value accrued within rPool;
  4. Growth in cross-chain swaps on rSwap; and
  5. Growth in yield farming and governance participation in the RAMP ecosystem.

Join the RAMP Community

If you are interested to follow RAMP DEFI and get in touch with the project team members, you can participate and receive timely updates from the following official channels:

For partnerships, media or other collaboration opportunities, please email: team@rampdefi.com.

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RAMP lets users deposit assets for yield returns, and borrow against these assets at the same time to get extra liquidity. Its stablecoin, rUSD liquidity can also be moved seamlessly across the network.

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RAMP DEFI

RAMP DEFI

An optimized lending platform that aims to give you the highest deposit yields and lowest borrowing fees on collateral assets within BSC and Polygon.

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