RAMP
Crypto Overview
Purpose and Utility
RAMP (RAMP) is a DeFi protocol designed to unlock the value of staked assets by allowing users to borrow against their staked tokens with rUSD, RAMP's stablecoin. The platform aims to enable liquid staking and cross-chain capital efficiency.
Business Model Analysis
The core business model revolves around staking and borrowing, which involves lending and interest-based mechanisms. The protocol generates revenue through fees from these lending and borrowing activities.
Real-World Adoption
The protocol has achieved notable adoption within the DeFi ecosystem, particularly for its staking and lending capabilities. It supports multiple blockchain networks including Ethereum, Binance Smart Chain, and Polygon.
Development Activity
The project maintains regular development activity with ongoing updates to its protocol and infrastructure. The team continues to expand cross-chain capabilities and improve the lending platform.
Token Distribution
The RAMP token serves as a governance token for the protocol, with a significant portion allocated to the team and early investors. The token distribution includes vesting schedules for team allocations.
Crypto Impact
To assign a comfort level investing in RAMP from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to RAMP.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.