EasyFi x RAMP | Integrating rUSD Staked Liquidity Into L2 Money Markets
We are happy to share that RAMP will work with EasyFi to onboard RAMP’s rUSD, a stablecoin issued on the Ethereum blockchain, as a yield-bearing collateral on the supply side of the EasyFi V1 Protocol.
rUSD is a RAMP DEFI issued derivative stablecoin on the Ethereum blockchain that represents collateralized staked liquidity. Users who deposit yield-bearing assets into RAMP smart contracts, can mint rUSD stablecoin on the Ethereum network against their assets. This is done when the assets deposited are redeployed into staking or yield farming by the smart contracts on their behalf.