RAMP is a DeFi protocol that allows users who do not own Ethereum to stake their tokens on ETH platforms.
What is RAMP (RAMP)?
RAMP (RAMP) is a decentralized protocol aimed at increasing DeFi adoption by offering staking services on ETH platforms to users without Ethereum. Additionally, Ethereum holders can interact with the RAMP protocol to enhance their yields.
RAMP simplifies transactions by allowing users to purchase cryptocurrencies directly through dApps. It represents a new type of on-ramp. RAMP consolidates various liquidity sources and payment methods under one roof to offer fast transactions for users and easy integration for developers.
To enable non-ERC-20 tokens to benefit from staking, RAMP collateralizes rUSD stablecoins on the Ethereum network. As a result, users earn staking rewards, unlock liquidity from staked assets, and achieve capital efficiency. Ethereum blockchain users can deposit their ERC-20 tokens into the eUSD liquidity pool on the RAMP platform to generate eUSD. This allows both rUSD and eUSD holders to trade these tokens easily. The idea behind RAMP’s creation is linked to the rapid growth and inefficiency of the over $300 billion staked economy.
RAMP emerged from the collaboration of Lawrence Lim and Loh Zheng Rong. Prior to RAMP, Lim led IOST and was responsible for global sales at TradeGecko. Loh Zheng Rog co-founded NOX Pte Ltd and served as a senior advisor at Merkle Ventures LLP.
Where to Buy RAMP Coin?
RAMP Coin can be securely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. RAMP Coin is currently traded in RAMP/BTC, RAMP/BUSD, and RAMP/USDT pairs. As of the time of writing this guide, RAMP is trading at $0.21.
To buy RAMP Coin on Binance, you first need to sign up on the platform. Once the registration is complete, you need to send cryptocurrency or fiat currency to your Binance wallet. After these steps, you can proceed to purchase RAMP through any of the three trading pairs mentioned above. To buy RAMP Coin using the USDT pair, navigate to the RAMP/USDT trading interface. Enter the amount in the limit section and then click “Buy RAMP” to complete the purchase.
