EasyFi Network Partners with RAMP — Unlocking Liquidity Capital From Staked Digital Assets on Layer 2 DeFi
Hello Readers!!
Here is another cool collaboration between EasyFi Network and RAMP Defi this month. To continually expand the #DoMoreWithDefi initiative and to execute the big plan of bringing more derivative asset collaterals to EasyFi Layer 2 lending platform, EasyFi has onboarded RAMP Defi as its partner.
RAMP DeFi — RAMP DEFI is a global decentralized finance solution that focuses on unlocking liquid capital from staked digital assets and it is backed by world-class investors.
RAMP Defi and EasyFi have partnered and will work together as EasyFi is listing RAMP’s rUSD as yield-bearing collateral.
What is rUSD?
rUSD is a stablecoin issued on the Ethereum Blockchain, it is the RAMP Defi issued derivative stablecoin that represents the collateralized staked liquidity. Ramp Defi users can deposit yield-bearing assets into the Ramp Defi smart contract and with this deposit, they will be able to mint rUSD stablecoin against the assets they have deposited.
The smart contract can redeploy the assets deposited by users into staking and yield farming for the minting to be possible and the newly minted rUSD can be deployed into the Defi protocol as well to get multiple yield streams which is an increased income yield for users.
About the Partnership
- This partnership between Ramp Defi and EasyFi will make RAMP’s staked derivative stablecoin rUSD available and accessible for users on EasyFi lending protocol.
- This partnership is a good way to add a new set of collateral that will greatly help provide liquidity and maximize capital efficiencies on a layer 2 defi platform.
- rUSD as new collateral on Easyfi will strengthen the flow of liquidity between Ethereum Mainchain to Layer 2 Network where Easyfi is built on which is Matic Network(Now Polygon).
- Defi users will have a better experience as they can now have better yield farming options with the addition of the new Ramp’s rUSD as collateral on EasyFi.
See RAMP Defi Twitter and Medium and EasyFi Twitter and Medium Here and Here.
THANKS FOR READING
