Ram Protocol — a non-custody liquidity protocol for earning interest on deposits and borrowing assets on the ThunderCore defi chain.
Contents:
Description of the Ram Protocol crypto project
It is the largest lending platform on the ThunderCore blockchain and aims to provide greater access to on-chain liquidity. Basically, users can earn interest by borrowing their assets and borrow different cryptocurrencies for their financial needs. Ever since DeFi-pioneer Compound launched its lending services, new applications have begun to take advantage of its liquidity and financial services. The need for more access to liquidity is real as many emerging blockchains have their own version of the lending protocol. Thanks to this, the developers of the Ram Protocol realized that it was possible to form a fundamental part of the ThunderCore ecosystem.
Some features of the defi app:
| 1 | Users can offer their crypto assets to the Ram Protocol pools and profit at a variable interest rate instantly. |
| 2 | These assets are available to other users to borrow. |
| 3 | On delivery, users receive rTokens, an EIP-20 compliant representation of the balances, granted to the protocol, for interacting with the Ram protocol. |
The platform allows users to use their own crypto assets as collateral to borrow any asset. Borrowers are required to pay variable interest that suppliers receive.
In addition to lending services, another way for users to participate in the ThunderCore chain - through staking. The project offers various betting projects with different tokens for mining, including IFO collaboration with other decentralized applications.
More about the blockchain protocol
In each market, half of the distribution goes to suppliers and the other half - to borrowers. RAM has designed a decay rate with an optimal initial rate. The rate is reconfigured every 7 days and is set to half every six months. You can get more information through the introductory document. It contains general information, tokenomics, and more.
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