What Is RAMP (RAMP)?
RAMP DeFi is a decentralized protocol that means to increase DeFi adoption by permitting 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 allows the staked capital of non-ERC-20 staking blockchains to be collateralized into a stablecoin referred to as rUSD that is issued on the Ethereum blockchain. The main result of this is the maximization of capital effectiveness on stacked digital possessions, where users earn staking benefits, unlock liquidity from staked possessions and stack several yield streams at the exact 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 suggests that rUSD and eUSD holders can exchange, lend or obtain both tokens freely and in turn develop liquidity for users with capital locked into staking arrangements.
RAMP’s development was prompted by the quick development of the staking economy, which has actually gone beyond $300 billion by 2021, integrated with the inadequacy of said economy’s markets.Who Are the Founders of RAMP?RAMP was co-founded by Lawrence Lim and Loh Zheng Rong. Before RAMP, Lim was the head of global development at IOST and managed worldwide sales at TradeGecko. He was likewise responsible for mergers and acquisitions at KPMG Corporate Finance LLC and property management at JP Morgan Chase & Co.Lim studied at the Nanyang Technological University and got a bachelor of organization degree in banking and finance with Very first Class Honors.Loh Zheng Rong co-founded NOX Pte Ltd and was a blockchain
speaking with partner at Merkle Ventures LLP. He was also the chief development officer at 2359 media, as well as the senior consultant of ICONIC Partners. He was likewise the chief operating officer and co-founder of Toucanapp Pte Ltd. He has a bachelor of business administration (B.B.A )degree in finance wealth management from the Singapore Management University.What Makes RAMP Unique?To effectively power token exchanges between blockchain systems, the network benefits from
liquidity on/off-ramp styles. Within this framework, the tokens that use a non-Ethereum standard are very first transformed into stablecoins called rUSD for use on the Ethereum blockchain.ERC-20-based stablecoins can also be converted into eUSD for usage in Ramp DeFi’s liquidity pool. rUSD holders get the capability to use funds secured non-Ethereum blockchains as well as the ability to use fully-collateralized stablecoins and make staking incentives after the conversion. eUSD holders earn interest from providing their digital wealth in addition to a chance to offer liquidity within DeFi protocols. Associated Pages: Learn More About Quant.Learn about Akropolis.Learn about Mimblewimble on CMC Alexandria.Enter the world of crypto through the CoinMarketCap blog.How Lots of RAMP (RAMP) Coins Are There in Blood circulation? RAMP
‘s circulating supply
is around 176 million coins as of February 2021, with an optimum supply of 1,000,000,000 RAMP coins.How Is the RAMP Network Secured?RAMP network teams up with the Crust Network for safe and secure on-chain decentralized data storage. As such, RAMP DeFi is an open
financing project and has the potential to unlock liquidity from staked digital properties, allowing all users to collateralize their digital assets
while locked in staking into liquid capital
. Crust implements the reward layer procedure for decentralized storage. It is versatile to multiple storage layer procedures, including IPFS, and even supports the application layer. The architecture it is based upon has the ability to support a decentralized computing layer and construct a whole cloud ecosystem.Where Can
You Buy RAMP(RAMP)? RAMP is offered to buy, sell and trade on the following exchanges: Bibox Gate.io Hoo Uniswap(V2 )MXC.COM Unfamiliar with crypto buying? Discover how to purchase and trade Bitcoin here.