About two months ago, we announced the launch of stXEM. If you missed it, stXEM allows anyone to have access to the rewards of running a NEM supernode – which otherwise requires one to minimally hold 3,000,000 or more XEM and for the supernode to be up and running 24 hours per day, processing all transactions.We launched with 2 running supernodes which generate on average 4.5% annual reward for all stXEM holders regardless of the amount they actually own.
Today, we are excited to share that RAMP DeFi is part of this collaboration with us at StakeHound and NEM Group.
stXEM Integration With rUSD As A Collateral Asset
RAMP DeFi is a global decentralized finance protocol that increases users’ returns on assets by collateralizing yield-bearing staked digital assets into a liquid stablecoin.
The RAMP liquidity unlocking solution is extremely flexible in its use case. Assets can both be wrapped and delegated into staking via smart contracts created by the RAMP team, or through partners such as NEM/StakeHound.
Yield bearing assets with excellent liquidity can be easily integrated into rUSD as collateral, ensuring that rUSD holders also continue to earn an underlying yield stream on their assets while minting rUSD. rUSD can then be deployed into existing DeFi protocols / products to earn additional yield, or be exchanged into USDT / USDC for other purposes.
In this case, stXEM users get to earn XEM staking rewards, and can acquire new yield streams via Ethereum-based DeFi participation, or exchange into liquid capital to pursue new investment opportunities without giving up ownership of their XEM assets.
At the same time, fees can be generated for the RAMP ecosystem via increased users participation and the integration of new collateral assets.
We are excited to embark on this three way partnership with NEM Group and RAMP DeFi to jointly deliver this unique DeFi solution for the global XEM community!
A liquid staking enabler – StakeHound brings the benefits of both DeFi and Staking together. With three major protocols already live: stETH, stXEM and stFIRO, StakeHound is focused on building bridges between staking protocols and Ethereum’s DeFi.
StakeHound is a swiss company that follows strict compliance procedures and has partnered with military grade security custody solutions such as Fireblocks and Copper to secure the assets.
In the upcoming months, StakeHound will be issuing other staked tokens such as stDASH, stXRD and stDOT among others.
- Website: www.stakehound.com
- Twitter: @stakedTokens
- Telegram: t.me/Stakehound
- Facebook: fb.com/StakeHound
- YouTube: StakeHound
- LinkedIn: StakeHound
About NEM Group
NEM Group supports the development of Symbol from NEM, a trusted and secure enterprise blockchain that smoothes business friction, increasing the flow of data and innovation to supercharge the creation, exchange and protection of assets.
NEM Group comprises three separate entities: NEM Software, NEM Trading, and NEM Ventures. NEM Group shapes the future of blockchain by nurturing a strong and healthy ecosystem that will contribute to the development of blockchain technology for generations to come.
Join the RAMP DEFI Community
Backed by world-class investors, RAMP DEFI is a global decentralized finance protocol that increases users’ returns on assets by collateralizing yield-bearing staked digital assets into a liquid stablecoin.
Using the RAMP solution, users with staked assets can continue to receive staking rewards, retain capital appreciation potential on their staked portfolio, and unlock liquid capital to invest in new opportunities at the same time.
The total staking market cap as of today is over USD200 billion, and as the industry-leading solution, RAMP DEFI has a vision of unlocking USD1 billion or more in “Total Value Unlocked (TVU)” for users by end 2021.
Follow RAMP DEFI, get in touch with the project team members and join our community in the following official channels:
- Twitter: https://twitter.com/RampDefi
- Telegram: https://t.me/rampdefiofficial
- LinkedIn: https://www.linkedin.com/company/rampdefi
- Discord: https://discord.gg/WY5TU7b
- Medium: https://medium.com/rampdefi
For partnerships, media or other collaboration opportunities, please email: firstname.lastname@example.org.