OCTION collaborates with RAMP DeFi to allow for stable coin acceptance within the OCTION ecosystem.

OCTION will partner RAMP DeFi to open up a brand new utility for rUSD, the stablecoin in the RAMP DeFi ecosystem

OCTION is excited to collaborate and expand our ecosystem in partnership with RAMP, a collateralized stablecoin protocol. This collaboration will see rUSD, RAMP’s stable coin, accepted within the OCTION platform for Call and Put option purchases, giving rUSD a new utility case within the BSC ecosystem. At the same time, RAMP will support OCTION in marketing and community to onboard new users and TVL growth for OCTION’s innovative options products.

Introduction to RAMP DEFI — A Collateralized Stablecoin Solution

RAMP DEFI is a multi-chain DeFi protocol that helps asset owners achieve and maximize capital efficiency by offering a powerful and comprehensive solution to multi-task users’ crypto-assets, thus maximizing their value and returns.

Users deposit assets such as CAKE, BNB, BTC and LP tokens to earn yield, and borrow the rUSD stable coin against the deposits at the same time to unlock extra liquidity. rUSD can be swapped effortlessly for other tokens on PancakeSwap (BSC) and QuickSwap (Polygon).

Introduction to OCTION — A Decentralized Options Trading platform

As the the world’s 1st CeDeFi Options Trading Platform built on the Binance Smart Chain, OCTION represents a transformative technology that stands firmly in support of financial freedom backed by the liberty that Bitcoin provides globally through voluntary participation in a permissionless and decentralized network.

Users will be able to trade options against a pool of Writers, who will collectively take on all options contracts purchased, while also earning the Premiums that are paid by users buying options contracts.

Trade $RAMP Options and Underwrite Options with $rUSD

The minted rUSD on RAMP’s platform is a usable/tradeable stablecoin on OCTION’s platform. A Writers’ Pool and Settlement Fee Pool will be created for rUSD so that Writers can contribute liquidity to the Writers’ Pool in rUSD. Users who stake OCTI in the Settlement Fee Pool can also get a cut of the rUSD that is earned through each option purchased!

Moreover, we will also add options so that users can choose whether they would want to buy Call or Put options on $RAMP. This would also mean that OCTION will be then able to tap on RAMP’s entire ecosystem and will be the first options trading platform that is partnering with RAMP’s ecosystem, which currently has a Total Value Locked (TVL) of over $81 million.

Benefits and Utility of RAMP Towards Users

RAMP allows users to:

  1. Borrow rUSD liquidity while you retain ownership of your favorite staking or farming assets for further growth potential.
  2. Generate high yields on your deposited assets with as low as zero interest rates for rUSD borrowing.
  3. Transfer rUSD liquidity across different Blockchain networks to access tokens directly on decentralized exchanges.
Figure 1: RAMP DeFi’s ecosystem

Optimized Lending

RAMP is a DeFi lending platform that enables and provides users some of the highest deposit yields and lowest borrowing fees on collateral assets within the Binance Smart Chain (BSC) and Polygon Network.

Borrow Stablecoin Liquidity

Users can borrow rUSD, a stablecoin, by collateralizing your asset deposits. Users can utilize rUSD liquidity directly on AMMs, such as PancakeSwap or QuickSwap, to swap for any token assets that you wish to buy.

Cross-Chain rUSD Transfers

While your collateral assets continue to generate high yields for you, the borrowed rUSD can be transferred seamlessly between networks.

Figure 2: Writers’ Pool on OCTION — A similar one will be built for rUSD
Figure 3: Settlement Fee Pool on OCTION — A similar one will be built for rUSD

Thank You

As always, THANK YOU for your continued support, and stay tuned for more exciting news on OCTION!

- The OCTION Team

About OCTION

OCTION is the world’s 1st CeDeFi Options Trading Platform built on the Binance Smart Chain. Users will be able to trade options through CeDeFi, with no middlemen, no centralized organization, lower fees, more option types and zero data or market manipulation. OCTION allows for options trading through a democratic framework on the Blockchain, specifically the Binance Smart Chain.

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World’s 1st CeDefi Options Trading Platform built on the Binance Smart Chain