RAMP [OLD]

What is RAMP Protocol?

RAMP Protocol is a multi-chain DeFi lending platform designed to provide users with opportunities to generate high yields and access liquidity while retaining ownership of their staking or farming assets. Users can deposit collateral assets to earn high yields and borrow rUSD stablecoin against these assets. The platform facilitates seamless transfer of rUSD liquidity across different blockchain networks, allowing users to access tokens directly on decentralized exchanges.

Protocol Overview

RAMP Protocol operates as a multi-chain DeFi lending platform, offering users the opportunity to engage with various blockchain networks. Users can deposit collateral assets into the platform to earn high yields on their investments. Additionally, RAMP allows users to borrow rUSD stablecoin against their deposited assets, providing them with access to liquidity while retaining ownership of their staking or farming assets. One of the key features of RAMP is its ability to facilitate seamless transfer of rUSD liquidity across different blockchain networks, enabling users to efficiently utilize their assets across decentralized exchanges and protocols.

RAMP Token Utility

The RAMP token serves as a utility token within the platform, powering its value and aligning the interests of all participants. Users can deposit a variety of digital assets such as RAMP, BNB, CAKE, and Pancake LP tokens to mint rUSD stablecoin by collateralizing these deposits. The platform charges utility fees, accruing positive value back to the RAMP token through token burns.

• Governance for community participation
• Token burns for value accrual
• Collateral asset and zero interest features
• Incentive and growth programs

rUSD Minting and Cross-Chain Transfers

rUSD minting within the RAMP DEFI platform enables users to generate rUSD stablecoins by collateralizing their digital assets. This process involves depositing assets such as RAMP, BNB, CAKE, or LP tokens into designated vaults on the platform. Users stake these assets individually to avoid cross-asset leveraging, with the amount of rUSD that can be minted limited by the Minimum Collateralization Ratio (MCR). This ratio ensures that there is adequate collateral to support the minted rUSD stablecoins, preserving the stability of the system.

Moreover, RAMP DEFI facilitates cross-chain transfers of rUSD liquidity between different blockchain networks. Currently supported networks include Binance Smart Chain and Polygon (formerly Matic Network), with plans for further integrations in the future. This cross-chain functionality allows users to seamlessly transfer their rUSD liquidity across networks, enhancing accessibility and usability. For example, users can mint rUSD using assets on Binance Smart Chain and then transfer the rUSD to Polygon to participate in decentralized finance (DeFi) activities on that network. This interoperability expands the reach of the RAMP DEFI ecosystem, enabling users to leverage liquidity across multiple blockchain environments.

Loan Markets

Binance Smart Chain:

• Lending and borrowing rUSD liquidity
• Providing liquidity for rUSD/BUSD pair on PancakeSwap
• Borrowing rUSD against collateral assets Polygon:
• Lending and borrowing rUSD liquidity
• Providing liquidity for rUSD/USDC pair on QuickSwap
• Borrowing rUSD against collateral assets

Strategic Product Roadmap

The project's longer-term roadmap, defined by community voting in the RAMP DAO, includes major developments to enhance protocol TVL and user adoption. Planned features include Ethereum support, integration with Solana and Polkadot, liquidation protection, automatic loan repayments, new protocol integrations, and analytics dashboards.

Risk Disclosures

The use of RAMP Protocol involves risks such as smart contract vulnerabilities, third-party protocol risks, price fluctuations, and transaction slippages. While the protocol undergoes smart contract audits and employs risk management strategies, users are advised to research and understand the risks before participating in the platform.

Investors

RAMP enjoys investment from Alameda Research, Aparafi, Mechanism Capital, Arrington Capital, Iost, Torchlight Ventures, Ruby, BlockWater Capital, and many more.

Project Development

The rUSD minting platform and token swap portal of RAMP DEFI have been fully deprecated as per the timeline announced in January 2023. The rUSD minting platform is no longer accessible via the appV2 website. Additionally, the deprecation of the RAMP to LEVER Token Swap Portal is scheduled for 31 December 2023, after which the portal will be permanently closed. Users who have repaid rUSD minting, withdrawn collateral, or swapped RAMP to LEVER tokens are not affected by this update. RAMP DEFI expresses gratitude to its users and looks forward to offering new and innovative liquidity solutions through LeverFi.

RAMP [OLD] Price Analysis

As of November 25 2024 RAMP [OLD] has a marketcap of $33M. This is {{percentagefromath}} from its all time high of $1.011. In terms of its tokenomics, there's a total supply of 1B with 41% currently outstanding. Keep in mind RAMP [OLD] has a fully diluted value of $80M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.