What is Ramp Coin? The ramp defi protocol allows the issuance of stablecoins backed by Crypto assets built on ethereum’s blockchain technology under Non ERC-20 or ERC-20 standards.
1 – What is Ramp Coin ?
Ramp coin is essentially a utility token in the Ramp defi ecosystem, this token is used for the following purposes:
Do staking rewards.
Token ramp holders can participate in voting by staking their ramp.
Ramp helps to increase farming performance.
As rewards for those who participate as farmers in the ecosystem.
Do referral rewards.
Some basic information of ramp token is as follows:
Blockchain Platform: The blockchain of ethereum.
Token Type: Utility.
Token standard: ERC-20.
Total supply: 1,000,000,000 RAMP.
2 – What is Ramp Defi?
Ram defi is a protocol built and developed on the blockchain technology platform of ethereum. This protocol allows the issuance of stablecoins backed by crypto-assets. These crypto assets can be non-ERC-20 or ERC-20 stablecoins.
Users can then exchange stablecoins with each other through smart contracts (Smart contract) without the intervention of any 3rd party.
3 – What are the problems Ramp Defi solves?
The main problem that the ramp defi protocol wants to solve is the problem of optimizing profit in defi trends.
4 – Ramp Defi’s ecosystem
In the ecosystem of ramp defi includes:
#rMint and rStake
Non-ERC-20 tokens can be collateralized to rUSD on the platform.
#eMind and eFarm
With eMind it will be possible to send ERC-20 stablecoins to form eUSD, a token that represents the amount deposited by the user.
This is a loan and loan service. Holders of rUSD and eUSD will be able to freely borrow or lend.
If rUSD crashes, rPool is first used to support value. If the value of the mortgaged position falls below the mortgage rate, it is allowed to set within specific parameters.
With rSwap allows users to swap between ERC-20 stablecoins with any non-ERC-20 token. But those tokens must be Ramp’s blockchain counterpart.