Nerve x RAMP Metapool Launch | Swap rUSD Effortlessly with Fiat-Backed Stablecoins

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We are excited to share that Nerve and RAMP have collaboratively launched a rUSD Metapool to facilitate stablecoin swaps with low slippages.

1) Partnership Key Points

  • RAMP allows users to over-collateralize supported assets such as RAMP tokens, Pancake LP tokens and other tokens on its platform into rUSD, a stablecoin.
  • Nerve Finance is a stable swap AMM designed to optimize the trading of stablecoins and pegged synthetic assets quickly with minimal slippage.
  • Nerve and RAMP have together, launched the rUSD metapool using the Nerve AMM infrastructure.
  • Liquidity providers can provide liquidity to the rUSD metapool using all or any one of these tokens: BUSD, USDT, USDC and rUSD, in return for APR of up to 99
  • Users who mint the rUSD stablecoin on the RAMP protocol can now effortlessly swap back and forth with fiat-backed stablecoins such as BUSD, USDT and USDC with low slippages.
  • Slippages can go as low as 0.1% for a $1,000,000 rUSD to BUSD swap order, which essentially gives rUSD liquid transferability against fiat-backed stablecoins:

2) Provide Liquidity to the rUSD Metapool for Up To 99% APR

3) Launch of NRV-BNB and rUSD-3NRV Vaults

NRV-BNB Vault

The below provide rUSD minting parameters for this particular asset in the Minter.

  • Asset: NRV-BNB FLIP LP token
  • Reward Token: NRV-BNB FLIP LP token
  • Strategy: The NRV-BNB FLIP LP token deposits are deployed into its PancakeSwap farm. Any CAKE tokens farmed are converted into more NRV-BNB FLIP LP tokens and accrued back into the original deposit pool. Users will automatically have their deposits grow over time.
  • Asset APY: 327% as at time of writing
  • Minimum Collateralization Ratio: 400%
  • Max rUSD Mintable Capacity: 1,500,000 rUSD
  • Liquidation Ratio: 125%
  • Interest Rate: 0%
  • Liquidity Fee: 0%
  • Deposit Fee: 0%
  • Withdrawal Fee: 0%

rUSD-3NRV Vault

The below provide rUSD minting parameters for this particular asset in the Minter.

  • Asset: NRV-BNB FLIP LP token
  • Asset APY: 327% as at time of writing
  • Minimum Collateralization Ratio: 400%
  • Max rUSD Mintable Capacity: 1,000,000 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 Community

Backed by world-class investors, RAMP 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.

biswap

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 can access the RAMP token on:

Binance | FTX (Futures) | PancakeSwap | Uniswap | Gate.ioMXC

If you are interested to participate in our community and receive timely updates from the following official channels:

Twitter | Telegram | LinkedIn | DiscordMedium

For partnerships, media or other collaboration opportunities, please email: [email protected]


Nerve x RAMP Metapool Launch | Swap rUSD Effortlessly with Fiat-Backed Stablecoins was originally published in RAMP DEFI on Medium, where people are continuing the conversation by highlighting and responding to this story.

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