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About RAMP
Key Points
- RAMP DeFi is a decentralized protocol that enables non-Ethereum users to stake tokens on ETH platforms.
- RAMP allows staked capital of non-ERC-20 staking blockchains to be collateralized into a stablecoin called rUSD.
- rUSD and eUSD holders can exchange, lend, or borrow tokens freely, creating liquidity for users with capital locked in staking arrangements.
- RAMP’s creation was prompted by the rapid growth of the staking economy, which exceeded $300 billion by 2021.
Founders
- Lawrence Lim: co-founder, former head of international growth at IOST, global sales
About RAMP DeFi
Introducing RAMP (RAMP): A Comprehensive Overview
RAMP DeFi is a decentralized protocol designed to accelerate DeFi adoption by facilitating the staking of tokens on ETH platforms for non-Ethereum (ETH) users, while concurrently enabling Ethereum users to engage with the RAMP protocol and amplify their yields.
RAMP DeFi enables the collateralization of staked capital from non-ERC-20 staking blockchains, giving rise to a stablecoin, rUSD, issued on the Ethereum blockchain. This innovative approach yields a paramount outcome: the optimization of capital efficiency for stacked digital assets. Consequently, users can reap staking rewards, unlock liquidity from staked assets, and simultaneously stack multiple yield streams, thereby maximizing their returns.
Existing users on the Ethereum blockchain can mint eUSD by depositing their ERC20 stablecoins into RAMP’s eUSD liquidity pool, thereby enabling seamless exchange, lending, and borrowing between rUSD and eUSD holders, and consequently creating liquidity for users with capital tied up in staking arrangements.
RAMP’s inception was precipitated by the meteoric rise of the staking economy, which surpassed a staggering $300 billion milestone by 2021, coupled with the inherent inefficiencies plaguing these markets.
The Visionaries Behind RAMP: Meet the Founders
RAMP was co-founded by Lawrence Lim and Loh Zheng Rong. Prior to RAMP, Lim held esteemed positions, including Head of International Growth at IOST and Global Sales at TradeGecko. His impressive repertoire also includes overseeing mergers and acquisitions at KPMG Corporate Finance LLC and asset management at JP Morgan Chase & Co.
Lim pursued his academic endeavors at the esteemed Nanyang Technological University, where he earned a Bachelor of Business degree in Banking and Finance with the distinguished accolade of First Class Honors.
Loh Zheng Rong is the co-founder of NOX Pte Ltd and has held esteemed positions as a blockchain consulting partner at Merkle Ventures LLP, Chief Innovation Officer at 2359 Media, and Senior Advisor to ICONIC Partners. Additionally, he served as the Chief Operating Officer and co-founder of Toucanapp Pte Ltd. Loh Zheng Rong holds a Bachelor of Business Administration (B.B.A) degree in Finance and Wealth Management from the prestigious Singapore Management University.
Unveiling the Unparalleled Advantages of RAMP
To facilitate seamless token exchanges between disparate blockchain systems, the network leverages liquidity on/off-ramp designs. Within this framework, tokens adhering to non-Ethereum standards are initially converted into stablecoins, denominated as rUSD, thereby enabling their utilization on the Ethereum blockchain.
Furthermore, ERC-20-based stablecoins can be seamlessly converted into eUSD, thereby granting access to Ramp DeFi’s liquidity pool. This conversion empowers rUSD holders to tap into funds locked in non-Ethereum blockchains, utilize fully-collateralized stablecoins, and reap staking incentives. Meanwhile, eUSD holders can capitalize on their digital assets by earning interest through lending and providing liquidity within DeFi protocols.
What Is the Circulating Supply of RAMP (RAMP) Coins?
As of February 2021, RAMP boasts a circulating supply of approximately 176 million coins, with a capped maximum supply of 1 billion RAMP coins.
The RAMP Network’s Robust Security Framework
The RAMP network has formed a strategic partnership with the Crust Network, ensuring secure, decentralized on-chain data storage. As an open finance project, RAMP DeFi has the potential to unlock liquidity from staked digital assets, thereby enabling users to collateralize their digital assets while they are locked in staking, effectively converting them into liquid capital.
Crust pioneers the incentive layer protocol for decentralized storage, boasting adaptability to multiple storage layer protocols, notably IPFS, and extending support to the application layer. Its foundational architecture is designed to accommodate a decentralized computing layer, thereby laying the groundwork for a comprehensive cloud ecosystem.
Acquiring RAMP (RAMP): A Comprehensive Guide to Exchanges and Marketplaces
RAMP is currently listed and actively traded on the following esteemed exchanges:
Bibox, a pioneering digital asset exchange,
Gate.io: A Pioneering Cryptocurrency Exchange
Hooray
Uniswap (Version 2)
MXC.COM
New to the world of cryptocurrency investment? Discover the ins and outs of buying and trading Bitcoin with our comprehensive guide.
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