RAMP DEFI (RAMP)

What Is RAMP DEFI?

RAMP DeFi is a decentralized protocol that intends to boost DeFi adoption by allowing non-Ethereum (ETH) users to stake tokens on ETH platforms; at the same time, Ethereum users can interact with the RAMP protocol and increase their yields.

RAMP DEFI Unique Features

RAMP DeFi allows the staked capital of non-ERC-20 staking blockchains to be collateralized into a stablecoin known as rUSD that is issued on the Ethereum blockchain. The main result of this is the maximization of capital efficiency on stacked digital assets, where users earn staking rewards, unlock liquidity from staked assets and stack multiple yield streams at the same time.

Users who are already on the Ethereum blockchain can mint eUSD by depositing their ERC20 stablecoins into RAMP’s eUSD liquidity pool. This means that rUSD and eUSD holders can exchange, lend or borrow both tokens freely and in turn create liquidity for users with capital locked into staking arrangements.

RAMP’s creation was prompted by the rapid growth of the staking economy, which has exceeded $300 billion by 2021, combined with the inefficiency of said economy’s markets.

What Makes RAMP Unique?

To efficiently power token exchanges between blockchain systems, the network takes advantage of liquidity on/off-ramp designs. Within this framework, the tokens that use a non-Ethereum standard are first converted into stablecoins called rUSD for use on the Ethereum blockchain.

ERC-20-based stablecoins can also be converted into eUSD for use in Ramp DeFi’s liquidity pool. rUSD holders get the ability to use funds locked in non-Ethereum blockchains as well as the ability to use fully-collateralized stablecoins and earn staking incentives after the conversion. eUSD holders earn interest from lending their digital wealth as well as a chance to provide liquidity within DeFi protocols.

Roadmap

RAMP DEFI Token Economy

The protocol’s native currency is called RAMP. RAMP acts as a utility token and helps align activities on the network. For example, since the token system has an inflationary model, RAMP introduces a deflationary aspect through burning.

Other RAMP use cases:

Governance

With Ramp DeFi being a decentralized platform, its governance mechanism is community-based. However, to participate in governance-related activities such as suggesting changes, you have to hold at least 1 percent of the token’s total supply. Additionally, voting for suggested changes requires RAMP.

Referral Rewards

The platform rewards users for bringing in new users. Referral rewards are distributed using the RAMP token. Apart from bringing in new users, developers are also rewarded for helping integrate Ramp DeFi with other decentralized networks.

Boosting Efficiency for Yield farmers

The Ramp ecosystem uses what it calls ‘farming power mechanism’ to boost the farming efficiency of liquidity providers using RAMP.

Staking

RAMP supports staking. In return, stakers can receive part of the rewards in the rPool.

Note that RAMP’s value is tied to the protocol’s critical activities, such as rUSD/eUSD issuance, the usage of Finance, rSwap, rPool, and vibrant community-based governance.

Detailed Token Metrics

Token Distribution

Token Release Schedule

Team Members & Advisors

Investors

Alameda Research, Mechanism Capital, Signum Capital, Arrington XRP Capital, Parafi Capital, Ruby Capital, IOST, Torchlight Ventures, Blockwater Capital, MW Partners, LayerX Capital, Orthogonal Trading.