rUSD Cross-Chain Liquidity Bridge Now Live Between Binance Smart Chain and Polygon

This post was originally published on Ramp Finance

RAMP DEFI

Jul 21 · 3 min read

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 deposited assets.

rUSD can be utilized directly on PancakeSwap and QuickSwap, so token purchases can be done rapidly and hassle-free. Users can also do their token swapping on the Swap tab within RAMP V2, which connects to PancakeSwap and QuickSwap smart contracts.

In a nutshell, using RAMP DeFi allows users to

(a) hold on to your favourite staking/farming assets for future growth potential;

biswap

(b) allow you to borrow rUSD using your assets as collateral;

© earn high deposit yields with net positive borrowing positions,

and

(d) utilize rUSD liquidity on Binance Smart Chain or Polygon, regardless of where the collateral assets are deposited.

Kindly note that the bridge is highly experimental — Users are to use at their own risk.

rUSD Bridge Parameters

Minimum Transfer Per Transaction: 100 rUSD

Maximum Transfer Per Transaction: 100,000 rUSD

Maximum Daily Bridge Limit: 5,000,000 rUSD

Validator Node Fee: 1 rUSD

rUSD (BEP20) Contract Address:

0x07663837218a003e66310a01596af4bf4e44623d

rUSD (PoS) Contract Address:

0xfc40a4f89b410a1b855b5e205064a38fc29f5eb5

Be sure to add the rUSD token in your wallet under the Matic network so that you are able to see rUSD after the transfer.

User Guide

Below is a step-by-step guide on how to teleport your rUSD between BSC and Polygon:

  1. Go tohttps://appv2.rampdefi.com/#/bridge and connect your Metamask wallet. Depending on whether your rUSD is on BSC or Polygon, select the correct network.
  2. Click on “BSC-Polygon”:

3. Key in the amount of rUSD to transfer and click “Teleport”

4. Your wallet will prompt you to confirm the transaction. Click “Confirm”.

The rUSD transfer is now completed! You will find the rUSD in your wallet in the network you are sending to.

Join the RAMP Community

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.

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.

Users can access the RAMP token on:

Binance | FTX (Futures) | PancakeSwap | Uniswap | Gate.io | MXC | Bittrex

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

Twitter | Telegram | LinkedIn | Discord | Medium

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

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