RampDefi RAMP Liquidity Incentives Program On Binance Smart Chain Has Started
RAMP DEFI are excited to share that the RAMP Liquidity Incentives Program on Binance Smart Chain has officially started!
The RAMP collateralized stablecoin lending protocol allows users to deposit assets at high APYs while borrowing against these assets at the same time, allowing for a highly efficient asset scaling platform.
With this incentive program, we hope to help new DeFi users discover the full potential of the RAMP platform and maximize the full value of their crypto-asset ownership in the process.
rUSD Borrowing Program
30,000,000 RAMP are allocated for rUSD borrowing taking place on Binance Smart Chain.
Rewards Vesting — Choose Your Reward Option
All rewards earned are subjected to a vesting schedule to regulate the flow of emissions.
Users can choose to either claim all rewards on the spot with a 50% penalty, or vest their rewards to receive 25% immediately, and 25% each time after 30/60/90 days.
Single Asset and CAKE-LP Asset Markets
The RAMP platform supports the borrowing of rUSD from a wide range of assets, including single assets and LP assets.
All asset markets on Binance Smart Chain have a Minimum Collateralization Ratio of 135% and a Liquidation Ratio of 130%, with Borrow Fee starting from 3%.
Get Creative with rUSD Minting!
Given the wide range of assets supported for rUSD minting, users can mint rUSD from existing assets that they already owned.
With the RAMP rewards earned and rUSD minted, users have numerous options to engage in various DeFi activities based on individuals risk / reward tolerances, including and not limited to:
- staking RAMP-rUSD LP assets to multi-stack yield, and borrow again using RAMP-rUSD as collateral;
- combine rUSD with BUSD and become a stablecoin liquidity provider;
- swap rUSD for RAMP, CAKE, BNB or any other tokens if you wish to increase exposure to assets with capital appreciation potential;
- recursively stack up on a specific asset of choice (e.g. CAKE/USDT LP) which has high deposit yields of above 50% and high rUSD minting rewards (20,000+%); or
- you can even send rUSD to Polygon to swap for other tokens on QuickSwap!
About Ramp Defi
RAMP DEFI is an 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.
Source:
https://medium.com/rampdefi/ramp-liquidity-incentives-in-binance-smart-chain-now-live-45cfe4b40749
