NERVE is an AMM that focuses on and optimizes trading stablecoins with minimal slippage. It has announced it will partner with DeFi lending protocol RAMP.
Ramp and Nerve Partnership
The partnership supports rUSD token swaps available on the NERVE platform thanks to an rUSD metapool. The rUSD metapool will provide efficient stablecoin trades between rUSD, BUSD, USDT and USDC. According to Nerve, slippages can be as low as 0.1% for a $1,000,000 rUSD to BUSD swap order.
The team has stated that this:
“essentially gives rUSD liquid transferability against fiat-backed stablecoins.”
Liquidity
Following the launch of the rUSD metapool NERVE saw the pool swell to $8 million in combined funds within 24 hours. NERVE is incentivizing users to contribute liquidity to the pool with a current APY of 99%. NERVE will accept BUSD, USDT, USDC and rUSD contributions to the pool but its preference at this stage is for BUSD, USDT and USDC, with deposit bonuses of up to 0.34%.
Once stablecoins are deposited in the metapool they will receive a nrvRUSD LP token. These tokens can then be taken and deposited in the rUSD-3NRV Vault to start receiving rewards in RAMP.
RV-BNB and rUSD-3NRV Vaults
The partnership between NERVE and RAMP will bear further fruit in the form of two vaults from RAMP. The new vaults will offer NERVE users new ways to benefit from their NERVE tokens. The finer details of how the vaults work was recently shared in a medium post on the company website, which we reshare here for your convenience.
Source : bsc.news
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