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DeFi
RATIO Price
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Ratio Finance is a decentralized finance application platform on Solana designed to accept yield-bearing collateral to mint “USDr”
ICO
17 Feb — 28 Feb 2022
Raised
$ 2.01M
Price:
$ 2.00
ROI:
0x -99.8%
Platform:
N/A
ATH ROI:
0.69x -30.5%
Ratio Finance allows investors in the Solana ecosystem to extend the capabilities of their liquidity provisioning efforts by minting stable coins (USDr) using their Raydium LP tokens as collateral. USDr (Ratio USD) is a collateralized stablecoin similar to Maker DAO’s DAI. Users will be able to mint USDr by depositing various LP tokens for selected Raydium pools. This not only incentivizes users to bring liquidity to Solana but also will help to accelerate the growth of the entire ecosystem as Ratio Finance attracts more and more liquidity from other chains. Users will also be able to purchase USDr from liquidity pools created by Ratio Finance — this allows Solana ecosystem participants to trade it freely should they not wish to provide liquidity in order to mint it, but would rather use it as a stablecoin asset. These liquidity pools will also help USDr maintain its peg, as it will create opportunities for arbitrage as price peg fluctuates between minting rates and trading rates.
RATIO is the native governance token that is used for:
Ratio Finance’s initial features include:
Ratio Finance's current price is $ 0.00455, it has increased +4.94% over the past 24 hours.
Ratio Finance's All Time High (ATH) of $ 1.39 was reached on 31 Mar 2022, and is currently -99.7% down.
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