Top Things you should know about Ramp Network (RAMP)

Top Things you should know about Ramp Network (RAMP)

By CryptoKraut | Showcase | 14 Jan 2021


New to Publish0x? Register here and start earning crypto everytime you read or write an article.​



Ramp Network
The growth of the decentralized finance (DeFi) ecosystem in 2020 has been explosive. The market cap of value locked in Proof-of-Stake (PoS) staking as of 31 July is USD13.5 billion. However, a large group of users have been unable to participate effectively, or even been excluded, from Ethereum-based DeFi participation. RAMP DEFI proposes that the staked capital on the various non-ERC20 staking blockchains be collateralized into a stablecoin, rUSD, which is issued on the Ethereum blockchain via a gateway bridge.

Idea
The CMS rewards blockchains with users who actively manage their collateralized positions and re-collateralize when necessary. Good behaviour results in the Gaussian curve moving to the left (lowering the MCR, allowing more rUSD to be minted with the same collateral); and the curve being pulled upwards (tighter LR, and lower liquidation fees if triggered). RAMP DEFI uses a universal liquidity pool which operates as a systematic value insurance in the event of a flash crash. A flash crash event, while unlikely, may result in a systematic under-collateralization for rUSD value. The community can raise change proposals and shape the direction of the RAMP project as the project progresses.

RAMP token
The RAMP token (RAMP) is issued by RAMP DEFI as utility token powering ecosystem value and aligning interests of all ecosystem participants. 40% of the value accumulated to rPool shall be distributed in weekly intervals as rewards to token holders. For the remaining, 10% is distributed to sustain business operations and marketing, and 50% shall be kept inside rPool to snowball the value of future distributions. The RAMP token, when staked, empowers ecosystem participants engaged in liquidity farming in the RAMP ecosystem with greater farming efficiency through a Farming Power mechanism. Proceeds captured in the rPool can be used to repurchase and burn RAMP tokens to create a deflationary mechanism.

Future Predictions
Rampdefi is a new and relatively untested technology. Full functionality of RAMP is not yet complete and no assurance can be provided of such completion. It is possible that certain jurisdictions will apply existing regulations on, or introduce new regulations addressing, blockchain technology. The value of tokens or cryptocurrencies may fluctuate significantly over a short period of time.



CryptoKraut - Investing, Mining and Trading made in Germany

Social Media
Twitter
Publish0x

Exchanges
Bitfinex

Crypto-Games
Splinterlands
GalaGames

DeFi
APE Tron


CryptoKraut
CryptoKraut

German team of crypto-investors and crypto-traders.


Showcase
Showcase

This blog contains articles on various crypto projects. If you want to see a specific project here, don't hesitate to contact us.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.