As MarketSquare continues to develop and grow, we want to share some of the amazing projects and services that are joining us with you. Today we welcome Ramp DeFi to MarketSquare!
What is Ramp DeFi?
RAMP DeFi is a multi-chain optimized lending platform that aims to give users the highest deposit yields and lowest borrowing fees on collateral assets within Binance Smart Chain and Polygon.
Backed by world-class investors, RAMP is a collateralized stablecoin solution that is similar to Maker but differs since assets in the protocol are comparatively more productive and efficient than those found in other governance tokens. It focuses on helping crypto asset owners who are involved in staking or yield farming have their capital tied up in illiquid asset ownership positions, resulting in many of them being “asset rich but cash poor”.
Using Ramp DeFi, users with staked assets can continue to receive staking rewards while retaining capital appreciation potential on their staked portfolio and unlock liquid capital to invest in new opportunities at the same time.
How does Ramp work?
The way Ramp DeFi functions can be explained in 3 simple steps:
RAMP helps users earn high-yield returns from depositing their assets.
Users can borrow rUSD, a collateralized stablecoin, against these asset deposits to gain extra liquidity and usable capital, which they can use to pursue new investment opportunities.
Last but not least, rUSD is transferable across multiple blockchains, which gives users a wide range of investment opportunities to choose from, as they are no longer limited to a single blockchain network.
All these can be done in just a few clicks on the RAMP V2 platform.
So what are some of the main benefits of Ramp DeFi? Check it out:
Borrow Stablecoin Liquidity Continue to earn while you borrow. You can borrow rUSD, a stablecoin, by collateralizing your asset deposits and utilize the borrowed rUSD liquidity directly on AMMs, such as PancakeSwap or QuickSwap, to swap for any token assets that you wish to buy.
Cross-Chain Liquidity Transfers (Coming Soon) While your assets continue to generate high yield for you on the native chain, the rUSD you have borrowed can be transferred seamlessly across supported networks. This means that you can be staking assets on Binance Smart Chain, and minting rUSD to buy new tokens on Polygon’s QuickSwap!
Ramp DeFi focuses on empowering users with access to a global, blockchain-agnostic liquidity network. rUSD can be minted on Binance Smart Chain and Matic, with more chains in the near future.
Working with Ramp DeFi
Ramp DeFi is open to proposals and seriously considers partnerships with innovators and thinkers in the cryptosphere. Collaboration is a major part of their strategy, and by leveraging the best minds across the globe, Ramp DeFi hopes to expand their offerings and bring their users even more tailor-made services. Should anyone wish to contact Ramp DeFi regarding partnerships, media appearances or opportunities to collaborate, an email can be sent directly to [email protected] to get the conversation started!
Ramp DeFi on MarketSquare
Once MarketSquare is live, we will set to work onboarding all of the great projects we have joining us. MarketSquare is also building a wealth of informative, educational content in the form of short videos that dive into the finer details of everything crypto: projects, terminology, platforms and tokens - MarketSquare provides you with everything you’ll need to know about the ever-expanding world of crypto!
It goes without saying that we are honored to have Ramp DeFi joining us on MarketSquare and cannot wait to see what they have in store for the crypto community.