We are excited to announce our partnership with Ramp DeFi, a global decentralized finance solution that focuses on unlocking liquid capital from digital assets. Injective Protocol 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 companies to grow and discover new solutions in the DeFi space as we continue to break down barriers in DeFi.
Injective Protocol is the first universal DeFi protocol for cross-chain derivatives trading across a plethora of financial products. Here at Injective, our goal has always been to create a that can help create a more free, inclusive, and efficient financial system through decentralization. We strive 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, we will continue on our 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 our 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 our 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, our 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, we plan to work on cross-chain yield efforts with Ramp. We 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 partnership will increase the interoperability of Injective as well as what users are able to do on our 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 partnership presents a number of new opportunities for both Injective and Ramp as well as for the DeFi industry as a whole. We look forward to working with the Ramp team and keeping our community up to date 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.
About Injective Protocol
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing.
The project is backed by a prominent group of stakeholders including Pantera Capital, Hashed, and Binance.
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