Posted 11 months ago | by Catoshi Nakamoto
We are happy to announce that the wBNB collateral asset is now live on RAMP V2!
RAMPers can now deposit wBNB into this vault as a collateral asset to mint rUSD, which can be used as liquidity directly on PancakeSwap.
wBNB supply APY is 12.53% APY (at time of writing). Interest rates, which are dynamically adjusted, are currently at zero percent.
This means that users supplying wBNB and borrowing rUSD at their max borrowing capacity will earn a net positive 11.5% on their borrowing position at the above-mentioned supply/borrow rates.
A Swap function has been added onto the platform for users to wrap their BNB before depositing. This Swap is powered by the PancakeSwap smart contract, so RAMPers can use this Swap to exchange rUSD for other tokens directly on RAMP V2 as well!
wBNB in Binance Smart Chain
- Contract Address: https://bscscan.com/token/0xbb4CdB9CBd36B01bD1cBaEBF2De08d9173bc095c
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Backed by world-class investors, RAMP DeFi is an optimized lending platform that aims to give users the highest deposit yields and lowest borrowing fees on collateral assets within Binance Smart Chain and Polygon.
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Original article published on Ramp Defi’s Medium.