New Loan Markets Launched on RAMP V2!

This post was originally published on Ramp Finance

RAMP DEFI

Aug 11 · 4 min read

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.

How It Works

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 in the form of more LP tokens, which also increases the value of their deposits. Yields go up to 311% for LP assets.

Deposited assets can be collateralized by users for the rUSD stablecoin with interest rates going as low as 0% for certain assets.

The rUSD minted by users can be:

biswap
  1. Used as liquidity directly on PancakeSwap, or
  2. Stake in rUSD Savings vault for additional yield, or
  3. Swap for other tokens directly on PancakeSwap, or sent over to Polygon to be used on QuickSwap.

Add Liquidity To LP Assets Market Directly on Ramp V2 | Step-by-Step Guide

1. Add Liquidity

To make users’ RAMPing experience better, users can easily add liquidity to their favorite LP asset market on PancakeSwap directly on Ramp V2 without having to go to any third-party website via https://appv2.rampdefi.com/#/liquidity.

On the “Liquidity” page,

  1. Simply select the desired LP assets market
  2. Key in the amount of liquidity you would like to add
  3. Click “Add Liquidity”

2. Stake your LP Tokens

Then head over to “Mint” page,

  1. Select the desired LP Assets market.

2. Enter the amount you want to stake and click “Deposit”.

Click “Confirm”. Now sit back and earn CAKE. Once your LP tokens are deposited, you will immediately start earning CAKE rewards at the APR rate specified. You can claim your CAKE assets at any time by clicking the “Withdraw” button.

Collateralize your assets to mint rUSD | Extract Usable Capital As Liquidity | Step-by-Step Guide

In the “Minting” section on the right, enter the rUSD amount you would like to borrow. (You will see the mintable amount too.) then click “Mint”.

Metamask will prompt you to confirm the transaction. Click “Confirm” and rUSD is successfully minted. You can repay the minted rUSD at any time by clicking the “Repay” button.

You will see the newly minted rUSD in your wallet.

Make your assets work for you on RAMP DEFI.

Get started at: https://appv2.rampdefi.com/#/

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 | Reddit

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

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