What is Ramp (RAMP)?

Note: Ramp and Lever would be used interchangeably as RAMP DeFi has been rebranded into LeverFi, with LEVER as the new token ticker.

Lever: Revitalized RAMP

The development team of Ramp foresaw a vastly different crypto environment as compared to 2021, where bond purchases and capital inflows brought the crypto markets to an all-time high. The RAMP team reviewed the current state of the project progress, the RAMP utility design, infrastructure, and incentives and compared it to multiple assumptions around macro conditions, tokenomics and user behavior made in the past year and found out they are no longer valid in 2022.

With this in mind, they believe a rebuild of the RAMP project from the ground up will open up new opportunities and drive clearer value accrual for our community.

They are proposing a new roadmap, new product, and updated plans to the community to revitalize RAMP to yield leveraged trading with yield-bearing collateral.

RAMP DEFI rebranded into LeverFi, with LEVER as the new token ticker. LEVER is a better representation of the project’s positioning — a focus on high capital efficiency and maximizing yield opportunities to ship innovative leveraged solutions in the DeFi space.

Along with the token rebranding, the RAMP team has also undergone an internal reorganization. The development and operations team is now rebranded as Galaxia Labs, forming an umbrella entity to develop, grow and sustain multiple utility products. 

RampDefi

Backed by world-class investors, RAMP DEFI is an optimized lending platform that aims to give users the highest deposit yields and lowest borrowing fees on collateral assets within Binance Smart Chain and Polygon.

Using the RAMP solution, users with staked assets can continue to receive staking rewards, retain capital appreciation potential on their staked portfolio, and unlock liquid capital to invest in new opportunities at the same time.

The unique Ramp Staked Governance

With staked governance, users participate in the DAO while their RAMP tokens are staked within the RAMP smart contracts. This allows users to vote in governance decisions, earn attractive staking APYs and borrow against their staked RAMP at the same time and a user’s voting power is based on the number of staked RAMP across Binance Smart Chain, Polygon, and Ethereum.

Ramp DAO

DAO stands for Decentralized Autonomous Organization. It can function autonomously without the need for a central authority; instead, it is operated by a community of stakeholders. The rules and transaction records of a DAO are stored transparently on the blockchain where rules are generally decided on by stakeholders’ votes.

Decisions are made within a DAO through community approval of proposals. A proposal would be implemented when it is voted on by a majority of stakeholders and after meeting quorum requirements (or fulfills some other rule set in the network consensus rules).

The current RAMP DAO allows users two functions — raise proposals and vote for proposals. The improvements that are to be expected soon include quorum requirements, staked minimums to raise proposals, displaying the proposal wallet’s voting power, and a developer commentary section.

 

What is Ramp (RAMP) used for?

Borrow

RAMP lets users deposit assets for yield returns, and borrow against these assets at the same time to get extra liquidity. 

Vote

RAMP DAO governance allows RAMPers who have staked their tokens to both raise proposals and vote on proposals to implement changes to RAMP DEFI. The governance voting will give a measure of broader debate and clearer consensus around important decisions related to product development, growth directions, or features requested by users, fostering community involvement where the users have the freedom to participate in voicing their thoughts around the future of the RAMP platform.

Staking

Anybody can be a member of RAMP DEFI by staking their RAMP tokens and participating in RAMP’s staked governance platform.

Quick and Convenient Trading

Trading is seamlessly integrated within Ramp (Lever) as traders can easily open a long or short position in just one step.

Enormous Liquidity

Relying on AMMs like Uniswap, and Ramp (Lever) can provide deep liquidity for your trade. Also, it can effectively reduce the slippage when opening or closing large positions.

Margin Trading and Shorting

Thanks to Ramp’s (Lever’s) powerful margin pool, traders can easily open leveraged positions to either long or short an asset. 

 

How is Ramp (RAMP) unique?

The unique feature of Ramp (LeverFi) is its leveraged trading with yield-bearing collateral.

LeverFi: Up to 10x leveraged trading using yield-bearing collateral

One of Defi’s unsolved problems is the issue of TVL under-utilization. Actual trading yields for liquidity pools are low once emissions are discounted. To compensate, DEXs have to continually give emissions to LPs to keep them satisfied. LeverFi bridges this gap by matching leverage traders with lenders within our platform. Utilizing the team’s proven expertise in asset yield deployments, LeverFi allows users to maximize the value of their yield-bearing collateral to go either long or short at up to 10x leverage with just one click.

 

How many Ramp (RAMP) coins are in circulation?

It has a circulating supply of 477,838,740 RAMP coins and a max. supply of 1,000,000,000 RAMP coins.

 

How is the Ramp network secured?

RAMP network collaborates with the Crust Network for secure on-chain decentralized data storage. Crust implements the incentive layer protocol for decentralized storage, which is adaptable to multiple storage layer protocols, including IPFS, and even supports the application layer. 

 

How do I buy Ramp (RAMP)?

The RAMP token can be used for a wide range of uses, like staking and yield farming.

RAMP tokens can be easily purchased by the following steps. 

* Open an account with the crypto trading platform.

* Transfer the specific amount of your fiat currency to your account.

* Wait for your deposit to be confirmed and buy RAMP through your trading account.

 

Which Cryptocurrency Wallet Supports Ramp (RAMP)?

The PTPWallet platform supports many cryptocurrencies simultaneously, such as Ramp (RAMP). Because of its vast use case, it has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. Users can easily use PTPWallet as their RAMP wallet because it offers a simple interactive interface, making it easy for people to navigate its system.

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