How RAMP DeFi is attracting non-Ethereum users

3 min read | November 23, 2021 02:33 AM AEDT | By Manu Shankar

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How RAMP DeFi is attracting non-Ethereum users — Image source: pedrosek, Shutterstock

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Highlights

RAMP DeFi crypto is a decentralised protocol that aims to boost the DeFi adoption.

With RAMP DeFi, the non-Ethereum users can stake tokens on the ETH platform and at the same time they can interact with the RAMP protocol to increase the yields.

RAMP is ranked 444 on CoinMarketCap, and it is currently trading at US $0.282878 with a 24-hour trading volume of US $19,308,972.

RAMP DeFi crypto is a decentralised protocol, which aims to boost the DeFi adoption. With RAMP DeFi, the non-Ethereum users can stake tokens on the ETH platform and at the same time they can interact with the RAMP protocol to increase the yields. This allows the users to maximise their capital efficiency and earn rewards and unlock liquidity from staked assets and earn multiple yield streams at the same time.

Co-founded by Lawrence Lim and Loh Zheng Rong, the RAMP DeFi allows the users of Ethereum blockchain to mint eUSD by minting the stablecoins against the deposited assets. The users can hold, sell, or buy liquidity tokens and in turn help them to earn passive income.

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What’s so unique?

RAMP crypto is unique as its power to navigate between different blockchain systems and make the most of the liquidity on/off-ramp designs. This allows the tokens, which don’t use Ethereum, to be converted into stablecoins, and then use them for transactions on the Ethereum blockchain.

Then the ERC-20-based stablecoins are then converted to eUSD to ensure that it can be used in the RAMP DeFi’s liquidity pool. This allows the eUSD holders to earn interest from lending the digital tokens and earn income in the process.

Is RAMP a good investment?

RAMP is ranked 444 on CoinMarketCap, and it is currently trading at US $0.282878 with a 24-hour trading volume of US $19,308,972. At the time of writing (BST 3:00 pm), RAMP was down by 7.21% in the last 24 hours. RAMP currently has a live market cap of US $111,953,784 with a circulating supply of 395,766,494 RAMP coins.

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Market experts are optimistic of RAMP’s price increasing in the near future. Due to its unique protocol, it has attracted the investors who are watching it with keen eyes. They expect that RAMP could go up by +300% in the next five years, with its price touching US$450 by 2026.

For now, the RAMP crypto has been rather sedate, but it is having the lowest borrowing fees on collateral assets within the Binance Smart Chain and Polygon network that could see more investors investing in the token.

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