Ramp rUSD Bridge between AVAX and BSC are now live!
Users can now collateralize rUSD using Avalanche assets as collateral, and send rUSD to Binance Smart Chain (BSC) to explore new token opportunities.
A rUSD liquidity pool for Avalanche will be set up at a later stage once market conditions stabilize.
RAMP DeFi allows users to simultaneously:
- Hold on to your long-term assets and earn high yields on them;
- Borrow rUSD using these assets as collateral;
- Utilize rUSD seamlessly on multiple networks.
Ramp
Backed by world-class investors, 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/rusd-bridge-between-bsc-avax-now-live-3b6781cdf1e7
