Nerve Finance announces collaboration with Ramp to launch their $rUSD Metapool
We are excited to share that Nerve and RAMP have collaboratively launched a rUSD Metapool to facilitate stablecoin swaps with low slippages.
1) Partnership Key Points
- RAMP allows users to over-collateralize supported assets such as RAMP tokens, Pancake LP tokens and other tokens on its platform into rUSD, a stablecoin.
- Nerve Finance is a stable swap AMM designed to optimize the trading of stablecoins and pegged synthetic assets quickly with minimal slippage.
- Nerve and RAMP have together, launched the rUSD metapool using the Nerve AMM infrastructure.
- Liquidity providers can provide liquidity to the rUSD metapool using all or any one of these tokens: BUSD, USDT, USDC and rUSD, in return for APR of up to 99
- Users who mint the rUSD stablecoin on the RAMP protocol can now effortlessly swap back and forth with fiat-backed stablecoins such as BUSD, USDT and USDC with low slippages.
- Slippages can go as low as 0.1% for a $1,000,000 rUSD to BUSD swap order, which essentially gives rUSD liquid transferability against fiat-backed stablecoins:
2) Provide Liquidity to the rUSD Metapool for Up To 99% APR
- Users can provide liquidity in BUSD, USDT, USDC and rUSD to the rUSD Metapool at: https://app.nerve.fi/pools/rusd
- BUSD, USDT and USDC are preferred options with deposit bonuses of up to 0.34% on the deposits.
- After depositing your stablecoins, a 3NRV LP token will be generated.
- Deposit the 3NRV LP token into the rUSD-3NRV Vault on https://appv2.rampdefi.com to start earning up to 99% APR in RAMP rewards!
- For a complete User Guide To Providing Liquidity to rUSD Metapool, please reference: https://medium.com/rampdefi/user-guide-to-adding-liquidity-to-rusd-3nrv-pool-on-nerve-finance-228ddf7676e1
3) Launch of NRV-BNB and rUSD-3NRV Vaults
NRV-BNB Vault
The below provide rUSD minting parameters for this particular asset in the Minter.
- Asset: NRV-BNB FLIP LP token
- Reward Token: NRV-BNB FLIP LP token
- Strategy: The NRV-BNB FLIP LP token deposits are deployed into its PancakeSwap farm. Any CAKE tokens farmed are converted into more NRV-BNB FLIP LP tokens and accrued back into the original deposit pool. Users will automatically have their deposits grow over time.
- Asset APY: 327% as at time of writing
- Minimum Collateralization Ratio: 400%
- Max rUSD Mintable Capacity: 1,500,000 rUSD
- Liquidation Ratio: 125%
- Interest Rate: 0%
- Liquidity Fee: 0%
- Deposit Fee: 0%
- Withdrawal Fee: 0%
rUSD-3NRV Vault
The below provide rUSD minting parameters for this particular asset in the Minter.
- Asset: NRV-BNB FLIP LP token
- Asset APY: 327% as at time of writing
- Minimum Collateralization Ratio: 400%
- Max rUSD Mintable Capacity: 1,000,000 rUSD
- Liquidation Ratio: 125%
- Interest Rate: 0%
- Liquidity Fee: 0%
- Deposit Fee: 0%
- Withdrawal Fee: 0%
Above parameters are applicable as at time of writing, and may be changed any time subject to market conditions.
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