CoinEx Will List RAMP on August 11 – CoinEx Announcements

Dear CoinEx users,

To provide you with more trading options, after rigorous reviews, CoinEx will list RAMP and support deposit and withdrawal & Automated Market Making (AMM) on August 11, 2021 (UTC). And its trading pair RAMP/USDT will be available on the same day.

RAMP Services

1. Deposit: 03:00 August 11 (UTC)

2. Withdrawal: 03:00 August 11 (UTC)

3. Trading pair: RAMP/USDT

4. Opening method: Call Auction

a. Call Auction

03:00-06:50 August 11, 2021 (UTC)

Orders can be placed and canceled

06:50-07:00 August 11, 2021 (UTC)

Orders can be placed but cannot be canceled

b. Trading

07:00 August 11, 2021 (UTC)

About RAMP
Website丨Explorer

RAMP DeFi is a decentralized protocol that intends to boost DeFi adoption by allowing non-Ethereum (ETH) users to stake tokens on ETH platforms; at the same time, Ethereum users can interact with the RAMP protocol and increase their yields.
RAMP DeFi allows the staked capital of non-ERC-20 staking blockchains to be collateralized into a stablecoin known as rUSD that is issued on the Ethereum blockchain. The main result of this is the maximization of capital efficiency on stacked digital assets, where users earn staking rewards, unlock liquidity from staked assets and stack multiple yield streams at the same time.Users who are already on the Ethereum blockchain can mint eUSD by depositing their ERC20 stablecoins into RAMP’s eUSD liquidity pool. This means that rUSD and eUSD holders can exchange, lend or borrow both tokens freely and in turn create liquidity for users with capital locked into staking arrangements.
There is an mechanism pegging rUSD to 1 USD: If rUSD rises above 1 against other stablecoins, we expect this scenario to incentivize more users to stake their assets into RAMP, mint rUSD, and move the peg downwards through an increase in supply.
rUSD below 0.98. An interest rate module is built into the RAMP protocol, primarily as a stability peg mechanism. This will encourage a portion of the users to buy back and repay their minted rUSD positions, thereby bringing the rUSD peg back to 1 through supply reduction.

What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide a continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more

Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%, for market makers is 0.15%. VIP will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.

Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 50% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.

2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.

3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real-time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.

Risk Warning
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses

CoinEx Team
August 10, 2021

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