We are excited to share that a new V2 Vault is launching on Binance Smart Chain (BSC) on 21 April 2021.
This is the second V2 Vault we are launching on BSC, and will be for the RAMP-BUSD FLIP LP token. This strategy is integrated with PancakeSwap as the underlying protocol.
A user guide will be provided at launch to help users navigate the new vault.
- RAMP-BUSD FLIP LP tokens deposited into this vault will be deployed into the PancakeSwap farm to farm CAKE tokens.
- Every time a user deposit or withdraw RAMP-BUSD FLIP LP tokens from the vault, the strategy will convert the CAKE rewards into more RAMP-BUSD FLIP tokens and auto-compound these LP tokens back into the pool for all users.
- This is a passive auto-compounding strategy. Users do not need to take any action, and will simply receive more RAMP-BUSD FLIP LP tokens when they withdraw from the vault.
RAMP-BUSD FLIP LP: Asset Parameters for rUSD Collateralization
The below provide rUSD minting parameters for this particular asset in the Minter.
- Asset: RAMP-BUSD FLIP LP token
- Asset APR: 214% as at time of writing
- Minimum Collateralization Ratio: 400%
- Max rUSD Mintable Capacity: 3,000,000 rUSD
- Liquidation Ratio: 125%
- Interest Rate: 0%
- Liquidity Fee: 0%
- Deposit Fee: 0%
- Withdrawal Fee: 0%
Above parameters are applicable as at time of writing, and may be changed any time subject to market conditions. For the most up to date parameters, please visit: https://docs.rampdefi.com/rampdefi/governor-parameters
Join the RAMP DEFI Community
Backed by world-class investors, RAMP DEFI is a global decentralized finance solution that focuses on unlocking liquid capital from staked digital assets. Using the RAMP solution, users with staked assets can continue to receive staking rewards, retain capital appreciation potential on their staked portfolio, and unlock liquid capital to invest in new opportunities at the same time.
The total staking market cap as of today is over USD300 billion, and as the industry-leading solution, RAMP DEFI has a vision of unlocking USD1 billion or more in “Total Value Unlocked (TVU)” for users by end 2021.
Users who wish to access the RAMP token may do so on:
If you are interested to follow RAMP DEFI and get in touch with the project team members, you can participate and receive timely updates from the following official channels:
- Twitter: https://twitter.com/RampDefi
- Telegram: https://t.me/rampdefiofficial
- LinkedIn: https://www.linkedin.com/company/rampdefi
- Discord: https://discord.gg/WY5TU7b
- Medium: https://medium.com/rampdefi
For partnerships, media or other collaboration opportunities, please email: [email protected]
PancakeSwap Strategy | New RAMP-BUSD FLIP LP Vault Launching on Binance Smart Chain was originally published in RAMP DEFI on Medium, where people are continuing the conversation by highlighting and responding to this story.