Getting Ahead Faster: How Ram Protocol Surpassed $1M TVL in a Week
Decentralized finance (DeFi) is very important in the cryptocurrency space. From novel ways for users to lend and borrow their assets, to attractive returns in the form of interest, DeFi takes on many forms. One of the most popular DeFi services is the credit market. Ram Protocol, a newly released DeFi Dapp deployed on the ThunderCore blockchain, is offering this service to a multitude of users worldwide.
Ram is a non-custodial liquidity protocol for borrowing assets and earning interest on your deposits (the assets you lend). Currently, you can deposit and borrow Thunder Token (TT), USDC, USDT, and BUSD from the Ram Protocol. For borrowers, you have to deposit the same asset that you seek to borrow as collateral.