What is Ring Protocol?

Ring Protocol is an automated market-making (AMM) on the Blast network. Ring Swap functions similarly to other DEXs like Uniswap V2, where liquidity providers earn a 0.3% fee on trades, proportional to their pool share. It integrates with Blast's automatic yield mechanism to enhance asset utilization and rewards liquidity providers with Ring Governance Tokens (RGB) through yield farming. Additionally, liquidity providers benefit from exclusive airdrops from Blast, further incentivizing participation in the Ring community.