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RAMP price today, RAMP to USD live, marketcap and chart | CoinMarketCap

What Is RAMP (RAMP)?

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 like time, Ethereum users can interact with the RAMP protocol and increase their yields. RAMP DeFi allows the stake capital of non- ERC-20 stake blockchains to be collateralized into a stablecoin known as rUSD that is issued on the Ethereum blockchain. The main consequence of this is the maximization of capital efficiency on bosomy digital assets, where users earn staking rewards, unlock fluidity from staked assets and smokestack 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 fluidity pool. This means that rUSD and eUSD holders can exchange, lend or borrow both tokens freely and in go create liquidity for users with capital locked into staking arrangements. RAMP ’ s creation was prompted by the rapid increase of the staking economy, which has exceeded $ 300 billion by 2021, combined with the inefficiency of said economy ’ randomness markets.

Who Are the Founders of RAMP?

RAMP was co-founded by Lawrence Lim and Loh Zheng Rong. Before RAMP, Lim was the read/write head of international growth at IOST and handled ball-shaped sales at TradeGecko. He was besides creditworthy for mergers and acquisitions at KPMG Corporate Finance LLC and asset management at JP Morgan Chase & Co. Lim studied at the Nanyang Technological University and got a bachelor of commercial enterprise degree in trust and finance with First Class Honors. Loh Zheng Rong co-founded NOX Pte Ltd and was a blockchain confer spouse at Merkle Ventures LLP. He was besides the chief initiation officer at 2359 media, american samoa well as the elder adviser of ICONIC Partners. He was besides the head operate 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 efficiently exponent token exchanges between blockchain systems, the network takes advantage of liquidity on/off-ramp designs. Within this model, 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 besides be converted into eUSD for use in Ramp DeFi ’ mho liquid pool. rUSD holders get the ability to use funds locked in non-Ethereum blockchains angstrom 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 equally well as a chance to provide fluidity within DeFi protocols .

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How Many RAMP (RAMP) Coins Are There in Circulation?

RAMP ’ s circulating provide is around 176 million coins as of February 2021, with a maximum supply of 1,000,000,000 RAMP coins .

How Is the RAMP Network Secured?

RAMP network collaborates with the Crust Network for secure on-chain decentralized data memory. As such, RAMP DeFi is an open finance project and has the potential to unlock liquidity from impale digital assets, allowing all users to collateralize their digital assets while locked in staking into liquid capital. crust implements the bonus layer protocol for decentralize repositing. It is adaptable to multiple repositing layer protocols, including IPFS, and even supports the application layer. The architecture it is based on has the capability to support a decentralized computer science layer and build an entire cloud ecosystem .

Where Can You Buy RAMP (RAMP)?

RAMP is available to buy, sell and trade on the postdate exchanges : Bibox Hoo

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