Injective has locked in a key collaboration with Ramp DeFi, a global decentralized finance solution that focuses on unlocking liquid capital from digital assets. Injective will be the first derivatives DEX to host Ramp’s collateralized stablecoin (rUSD) while also bringing Ramp’s innovative stake farming solutions across a diverse array of blockchain networks. This collaboration will enable both projects to grow and discover new solutions in the DeFi space as they continue to break down barriers in DeFi.
Injective is the first universal DeFi protocol for cross-chain derivatives trading across a plethora of financial products. Within the Injective community, the goal has always been to create a more free, inclusive, and efficient financial system through decentralization. The Injective family strives to empower individuals with the permissionless ability to efficiently allocate capital across a diverse array of high-quality financial products while still retaining a robust user-friendly interface. By partnering with Ramp DeFi, Injective will continue to fulfill the mission to provide a more liquid, scalable, and secure exchange for users globally.
The staked assets market is valued at approximately $25B USD. Given the size and growing demand in this space, Ramp DeFi has emerged as a natural partner for Injective. Ramp DeFi offers three main key innovations: (i) a cross-chain “liquidity on-ramp” network, (ii) retaining staking rewards, and (iii) stake farming that gives users new ways to leverage their staked portfolio for higher returns on capital. Ramp is currently working with some of Injective's main collaborators, such as Elrond.
By integrating with Injective, Ramp will have the ability to market their token and innovations to a wider range of users given our diverse markets. Ramp will be able to enter multiple derivatives markets, creating new staking opportunities and rewards for both Injective and Ramp users globally. Thus, by listing Ramp on the Injective DEX, we will help to expand Ramp’s reach, distribution channels, and user opportunities.
As Injective lists Ramp’s token and presents more opportunities for staking, Ramp’s ecosystem will naturally expand as more users enhance staking yields and farm Ramp tokens. This collaboration will help Ramp increase their adoption speed and use.
“We are extremely excited to be partnering with and listing our stablecoin on Injective Protocol. This collaboration is a fantastic opportunity for Ramp to continue to explore and discover new solutions for liquidity and security in the DeFi space. Injective will allow us to reach new consumers and scale alongside them.” -Lawrence Lim, CEO of Ramp DeFi.
By integrating with Injective, Ramp will bring additional liquidity and security to our users. Ramp’s technology will enable users to extract higher levels of liquidity without sacrificing staking rewards or capital appreciation opportunities. Additionally, Injective traders will now have the opportunity to unlock new liquid capital to invest, they will be able to explore and invest in new DeFi markets with ease. This means Injective users can now earn staking rewards while also being able to yield farm via other DeFi protocols simultaneously rather than having to choose between staking versus yield farming.
Furthermore, Injective contributors plan to work on cross-chain yield efforts with Ramp. They are working to create peg zones into different layer-1 chains that Ramp is currently working with, such as Elrond and Solana, to enable Injective users to farm staking rewards. This collaboration will increase the interoperability of Injective as well as what users are able to do on its markets.
“We are thrilled to be collaborating with Ramp DeFi and are excited to be listing them on our exchange. This partnership will help advance Ramp’s mission and ecosystem while also increasing Injective’s liquidity, staking rewards, and interoperability. We are excited to be a part of Ramp’s journey!” -Eric Chen, CEO of Injective Protocol.
This cooperation presents a number of new opportunities for both Injective and Ramp as well as for the DeFi industry as a whole. Further synergies with the Ramp community will no doubt emerge as this collaboration develops further.
About RAMP DEFI
Backed by world-class investors, Ramp DeFi is a global decentralized finance solution that focuses on unlocking liquid capital from staked digital assets. 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.
Injective is the first cross-chain protocol built for decentralized finance applications. On the Injective exchange, anyone can access, create, and trade unlimited DeFi markets such as futures and perpetuals. Developers can also build cross-chain Ethereum-compatible projects that are lightning fast and achieve instant transaction finality. Injective is backed by a prominent group of stakeholders including Binance, Pantera Capital and Mark Cuban.