On-chain DAO proposal/voting functionality
We are excited to release the beta version for RAMP DAO governance that allows RAMPers who have staked their tokens to both raise proposals and vote on proposals to implement changes to RAMP DEFI.
The governance voting will give a measure of broader debate and clearer consensus around important decisions related to product development, growth directions, or features requested by users, fostering community involvement where our users have the freedom to participate in voicing their thoughts around the future of the RAMP platform.
In effect, being a holder with a voice, and all good proposals with…
RAMP DEFI’s Indexer Nodes were launched on 7th January 2021, backed by early GRT investors who seeded the initial GRT required to commence node operations.
Creating Reward Liquidity For Delegators
Currently, the Graph reward structure requires Delegators to undelegate their GRT in order to receive their GRT stake and rewards after 28 days.
This means that Delegators are unable to receive their rewards unless they undelegate and redelegate. This creates a “no-reward” zone of 28 days for Delegators who simply wish to retrieve staking rewards. The other alternative is to hold and never claim rewards.
This structure is highly inefficient…
NOTE: For users using RAMP V2 and not participating in rStake V1, this update does not affect you.
rStake was launched in December 2020 to integrate the cross-chain staking facility for different blockchains such as IOST, TOMO, and TEZOS, where users can stake their native tokens to earn both RAMP tokens and the native blockchains’ rewards.
As we continue to deliver exciting developments to attract more users to our platform, rStake V1 will be discontinued starting from 30 September 2021 (“End Date”) to restructure and set the stage for future integration with the RAMP V2 platform.
rStake V1 will cease…
We are happy to announce that the wETH single collateral asset is now live on the Polygon Network!
Users can now stake their wETH into this loan market and earn staking rewards of 0.169% APY, then borrow rUSD stablecoin against their assets at zero borrowing fee for extra liquidity to invest into new opportunities at the same time.
We are excited to announce that the BTCB single collateral asset is now live on the RAMP DEFI!
RAMPers can now deposit BTCB into this loan market to earn BTCB rewards at 1.456% APY (at the time of writing) and use it as a collateral asset to mint rUSD stablecoin, which can be used as liquidity directly on PancakeSwap at the same time. Interest rates are dynamically adjusted and are currently at zero percent.
We are excited to announce that 11 new loan markets have been launched on the Binance Smart Chain network!
This is a strategic development for RAMP to scale up support for the BSC network core assets, and allow users to extract stablecoin liquidity from these assets, even as they continue to produce yields for users.
Users who deposit single assets such as ETH, BNB, RAMP or CAKE will auto-accrue yields into their holdings, which increases the value of their collateral deposits over time. Yields go up to 55% for single assets.
Users who deposit LP assets will accrue their yields…
We had the opportunity to chat with the Polygon community on 4th August at 8.30 PM (SGT) where our Project Lead, Lawrence Lim, shared more about our initial vision, what we’ve done so far, and where we’re headed. There were many great questions and we really enjoyed our time with the crowd. For those who missed it, here’s the recap!
*The transcript has been edited for clarity.
Q1: Hello, Welcome to the Polygon community 🙂 Could you please tell us a little about yourself?
Ans: My name is Lawrence, the Project Lead for RAMP DEFI. Prior to launching RAMP…
We are excited to announce that the rUSD Savings vault is now live on RAMP V2 in Binance Smart Chain!
RAMPers can earn RAMP rewards by staking rUSD on Ramp V2 at APR up to 64.08% (At the time of writing). This is the first single-asset stablecoin vault on BSC and it will be for rUSD single asset staking only. The rUSD vault acts similar to a savings account that rewards rUSD holders consistently over time.
You can purchase rUSD directly from PancakeSwap;
*Updated on 22 Jul 2021
We are delighted to announce that cross-chain transfer for rUSD on RAMP V2 is now live!
Ramp V2 now supports two-way rUSD stablecoin swaps between BSC and Polygon via the new rUSD cross-chain liquidity bridge, which means that rUSD is no longer constrained to being used on the native chain where it was originally borrowed, but can be moved seamlessly across the two networks for users to capture and maximize new opportunities.
This gives Rampers the freedom to pursue the best token purchase opportunities available on either chain with their newly borrowed capital against their…
We are happy to announce that the wBNB collateral asset is now live on RAMP V2!
RAMPers 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…