RAMP DeFi Tutorial: Multi-Chain DeFi Lending Platform

RAMP is a multi-chain DeFi lending platform that offers a way to maximize value and returns on your assets. As you’re most probably aware, many protocols allow you to earn a yield on your crypto. However, usually, you can’t borrow a stablecoin and use it to invest in other ways or vice versa. 

With RAMP, you can earn yields by staking or farming on your capital, collateralize your capital and borrow the RUSD stablecoin, then use the stablecoin to invest in somewhere else at the same time. In this way, users can continue to enjoy high ROI on their assets, retain capital appreciation potential while extracting liquidity at the same time. 

RAMP DeFi Tutorial

How does RAMP DEFI Work?

Well essentially, you borrow rUSD, a stablecoin, by collateralizing your asset deposits. 

Whilst your collateral assets continue to generate a high yield for you, the borrowed rUSD can be used for staking or transferred between networks.  Meaning you can borrow with your BSC assets and send rUSD to Polygon to buy new tokens on QuickSwap, or vice versa to buy tokens on PancakeSwap!

This puts users in a unique position where their assets continue to produce high yields for them, and at the same time, they get to unlock liquidity.

The protocol offers a host of features to its users, including a cross-chain liquidity bridge, staking rewards, and yield farming opportunities.

How to use RAMP DeFi

RAMP Token

Plus they have their own RAMP utility, multi-chain token, which can be traded for on the likes of Binance, FTX, UniSwap and PancakeSwap. The token can be used as collateral to unlock additional liquidity, plus you can mint rUSD at zero fees when you use RAMP as collateral.

RAMP has a fixed total supply and can no longer be minted. Meaning that any RAMP burned is removed from circulation, forever.

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LouiseElizabeth

Louise created the Every Bit Helps YouTube channel back in 2017, after finding the process of buying Bitcoin difficult. Therefore, in an aim to help others, she hopes that her tutorials will make the process of buying, selling and storing crypto a lot easier for newbies in the future. After spending 20 years working in London in cyber security, she left the corporate life after having her second child in 2018. Louise now travels the world with her two small children trying to make the most out of life.

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