Ramp Defi Announced That The $wBNB Collateral Asset Is Now Live On RAMP V2

Users can now deposit wBNB into this vault as a collateral asset to mint rUSD, which can be used as liquidity directly on PancakeSwap.

wBNB supply APY is 12.53% APY (at time of writing). Interest rates, which are dynamically adjusted, are currently at zero percent.

This means that users supplying wBNB and borrowing rUSD at their max borrowing capacity will earn a net positive 11.5% on their borrowing position at the above-mentioned supply/borrow rates.

A Swap function has been added onto the platform for users to wrap their BNB before depositing. This Swap is powered by the PancakeSwap smart contract, so RAMPers can use this Swap to exchange rUSD for other tokens directly on RAMP V2 as well!

wBNB in Binance Smart Chain

Contract Address: https://bscscan.com/token/0xbb4CdB9CBd36B01bD1cBaEBF2De08d9173bc095c

About Ramp DeFi

Ramp DeFi is a decentralized finance solution that focuses on unlocking liquid capital from staked digital assets. This is achieved by letting users collateralize their portfolio of staked assets into a common stable coin standard, USD, which can in turn be used to borrow fiat-back capital such as USDT or USDC.