RAMP crypto enables non-Ethereum (ETH) users to stake tokens on ETH platforms, the decentralized protocol DeFi hopes to increase DeFi adoption. Let's talk about it here.
What Is Ramp Crypto?
RAMP DeFi is a decentralized system that seeks to improve DeFi adoption by enabling non-Ethereum (ETH) users to stake tokens on ETH platforms, while also enabling Ethereum users to interact with the RAMP protocol and boost yields.
RAMP DeFi enables the collateralization of staked capital into rUSD, a stablecoin created on the Ethereum blockchain, from non-ERC-20 staking blockchains. The main outcome of this is the optimization of capital efficiency on stacked digital assets, where users can simultaneously ly stack numerous income streams, collect staking rewards, and unlock liquidity from staked assets.
By adding their ERC20 stablecoins to RAMP's eUSD liquidity pool, users who are already on the Ethereum blockchain can create eUSD. This enables holders of rUSD and eUSD to freely trade, lend, and borrow both coins, which in turn creates liquidity for users w hose capital is locked in staking contracts.
The rapid expansion of the stake economy, which will reach $300 billion by 2021, along with the inefficiency of the markets within that economy, served as the impetus for the formation of RAMP.
Who Is The Founder Of Ramp Coin?
RAMP was established by Lawrence Lim and Loh Zheng Rong. Prior to their involvement with RAMP, Lawrence Lim held significant positions in various companies. He served as the head of international growth at IOST and managed global sales at TradeGecko. Additionally, he played a key role in mergers and acquisitions at KPMG Corporate Finance LLC and was involved in asset management at JP Morgan Chase & Co.
Lawrence Lim pursued his education at Nanyang Technological University, where he earned a bachelor's degree in banking and finance with First Class Honors.
As for Loh Zheng Rong, he co-founded NOX Pte Ltd and worked as a blockchain consulting partner at Merkle Ventures LLP. He also took on the role of chief innovation officer at 2359 media, and served as a senior advisor at ICONIC Partners. Moreover , Loh Zheng Rong co-founded Toucanapp Pte Ltd and acted as its chief operating officer.
Loh Zheng Rong graduated from the Singapore Management University with a bachelor's degree in finance wealth management, earning a Bachelor of Business Administration (BBA) degree.
Summary
The Ramp crypto network optimizes token exchanges between different blockchain systems by utilizing liquidity on/off-ramp designs. To facilitate this process, tokens that operate on non-Ethereum standards undergo conversion into stablecoins known as rUSD. These rUSD stablecoins are then employed on the Ethereum blockchain for seamless transactions.
