RAMP is an innovative DeFi protocol that provides an opportunity for users without Ethereum to participate in staking on ETH platforms.
Overview
RAMP (RAMP) is a decentralized protocol designed to boost DeFi adoption by offering staking services on ETH platforms to individuals who do not own Ethereum. Moreover, Ethereum holders can engage with the RAMP protocol to increase their yields. For the latest financial and business news, visit COINTURK FINANCE.
RAMP streamlines transactions by enabling users to directly purchase cryptocurrencies through dApps, serving as a unique on-ramp. It brings together various liquidity sources and payment methods in one place to facilitate fast transactions for users and seamless integration for developers.
To enable non-ERC-20 tokens to participate in staking, RAMP collateralizes rUSD stablecoins on the Ethereum network. Consequently, users can earn staking rewards, unlock liquidity from staked assets, and enhance capital efficiency. Users of the Ethereum blockchain can deposit their ERC-20 tokens into the eUSD liquidity pool on the RAMP platform to generate eUSD, allowing for easy trading for both rUSD and eUSD holders. The inception of RAMP is tied to the rapid growth and inefficiency of the over $300 billion staked economy.
RAMP was founded through the collaboration of Lawrence Lim and Loh Zheng Rong. Lim previously led IOST and held the position of global sales head at TradeGecko. Loh Zheng Rong co-founded NOX Pte Ltd and served as a senior advisor at Merkle Ventures LLP.
Where to Purchase RAMP Coin?
RAMP Coin is available for secure purchase and sale on Binance, the world’s largest cryptocurrency exchange in terms of trading volume. Currently, RAMP Coin can be traded in RAMP/BTC, RAMP/BUSD, and RAMP/USDT pairs, with a trading price of $0.21 at the time of writing.
To buy RAMP Coin on Binance, users must first register on the platform. Upon completing the registration, users can transfer cryptocurrency or fiat currency to their Binance wallet. Following these steps, users can proceed to purchase RAMP through any of the three trading pairs mentioned. For those opting to use the USDT pair, navigate to the RAMP/USDT trading interface, input the desired amount in the limit section, and click “Buy RAMP” to finalize the purchase.
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Disclaimer: The information provided in this article is not to be considered investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and conduct their own research.
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