RAMP DEFI
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RAMP DEFI

rBurn Update | $RAMP Buyback Funds Added, Limit Orders Set At Two Support Levels

Providing Value Support

As covered in our previous article, 1inch limit orders are used to provide support levels for RAMP token buyback.

These limit orders provide value support for RAMP at key support levels, to ensure value retention. The limit orders are set in ETH, as the Uniswap pairing is in RAMP-ETH.

RAMP holders can now transact with more patience, with the assurance that after sell pressure is absorbed by the liquidity pool, a pool of “ready RAMP buyers” are ready to buy the dip back up.

This model also benefit existing token holders and NOT token sellers, as the orders are only executed AFTER sell orders are done.

RAMP repurchased by these limit orders will always be sent to burn, to remove sell pressure entirely.

Today, we are happy to share that:

  1. additional buyback funds have been added to the RAMP buyback wallet;
  2. two limit orders have been set to provide support for the RAMP token.

Cumulative Funds

  • Total Funds: 23.858 ETH (29,418 USD as at time of writing)
  • Total Repurchasable Amount: 159,574 RAMP

Limit Order #1

  • Amount (ETH): 16.388 (20,222 USD as at time of writing)
  • Repurchase Amount (if executed): 111,766 RAMP
  • (i) Expires on 18 Jan 2022, or (ii) limit order execution, or (iii) upwards limit order rebase, whichever earlier.

Limit Order #2

  • Amount (ETH): 7.47 (9,218 USD as at time of writing)
  • Repurchase Amount (if executed): 47,808 RAMP
  • (i) Expires on 18 Jan 2022, or (ii) limit order execution, or (iii) upwards limit order rebase, whichever earlier.

Join the RAMP DEFI Community

Backed by world-class investors, RAMP DEFI is a global decentralized finance solution that focuses on unlocking liquid capital from staked digital assets. 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.

The total staking market cap as of today is over USD124 billion, and as the industry-leading solution, RAMP DEFI has a vision of unlocking USD1 billion or more in “Total Value Unlocked (TVU)” for users by end 2021.

Follow RAMP DEFI, get in touch with the project team members and join our community in 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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