Ratio Finance Partners with MatrixETF to Create Solana’s Financial Solutions of Tomorrow

Published on: 24.09.2021

Ratio Finance is pleased to announce its partnership with MatrixETF and looks forward to collaborating with their team to create innovative financial solutions for users of the Solana ecosystem.

MatrixETF allows users to create customized, rebalancing portfolios of assets across multiple chains. Ratio Finance will assess the risk profiles of popular ETFs offered on the MatrixETF platform in order to allow investors to gain leverage on their ETF portfolios through minting risk-adjusted USDr.

Read more about  USDr 👉 here.

In effect, users that are enjoying their exposure to MatrixETFs services but also wish to take advantage of price movements/new opportunities will not have to close out their portfolios in order to participate in other DeFi projects. They can simply use assets within their existing portfolios as collateral to mint USDr based on the risk of the underlying portfolio.

Both the MatrixETF team and the Ratio Finance team are excited about this opportunity to create novel financial products while taking advantage of the composability and speed that the Solana blockchain allows for.

Shimon Newman, Core Contributor to Ratio Finance:

“We are building on Solana to create innovative financial products with composability and near-instant settlement. Partnering with MatrixETF and using their portfolios as collateral on our system is a natural evolution in the history of decentralized finance.”

 

Louis L., Co-Founder of MatrixETF:

“We are delighted to work together with Ratio Finance. Thanks to their creative products, we can help our users to increase their asset liquidity when they buy decentralized ETF products on MatrixETF. We are looking forward to our collaboration to help increase the value of both of our respective products.”

 

About MatrixETF

MatrixETF is the next generation of decentralized and cross-chain ETF platforms. Its goal is to establish a decentralized, automated, personalized, and diversified portfolio for users, as well as help users easily enjoy long-term, stable, and efficient financial services.

Website Medium Twitter Telegram Telegram Official News Github

About Ratio Finance

Ratio Finance is a Collateralized Debt Position protocol on Solana. Ratio Finance allows users to leverage their LP and other assets by minting risk-adjusted “USDr” against their collateral. Ratio Finance uniquely calculates the volatility of collateral in order to keep users’ assets safe.

Website Discord Twitter  Telegram  Telegram Announcements

SOURCE

Market Stats:
BTC Dominance: 57.7%(-1.73%/24h)
ETH Dominance: 12.37%(+0.17%/24h)
Defi Market Cap: $97.38B(+22.69%/24h)
Total Market Cap: $3386.36B(+4.03%/24h)
Total Trading Volume 24h: $211.62B(-9.27%/24h)
ETH Market Cap: $418.12B
Defi to ETH Ratio: 23.29%
Defi Dominance: 2.76%
Altcoin Market Cap: $1432.49B
Altcoin Volume 24h: $152.06B
Total Cryptocurrencies: 32378
Active Cryptocurrencies: 10180
Active Market Pairs: 90834
Active Exchanges: 762
Total Exchanges: 9612
BTC: 98734.41$(-0.14%/1H)
ETH: 3482.39$(1.98%/1H)
AVAX: 42.73$(-0.65%/1H)
BNB: 673.39$(0.53%/1H)
MATIC: 0.58$(2.18%/1H)
FTM: 0.89$(2.54%/1H)
ADA: 1.11$(1.56%/1H)
DOT: 8.23$(1.27%/1H)
UNI: 10.81$(1.64%/1H)
CAKE: 2.22$(1.1%/1H)
SUSHI: 1$(2.15%/1H)
ONE: 0.02$(1.84%/1H)