rUSD
1. Summary
- Description
-
rUSD is an over-collateralized stablecoin minted from staked assets that are simultaneously earning staking rewards on the RAMP platform. This stablecoin is designed to maintain a stable value of 1 USD, making it a reliable digital currency. rUSD is collateralized by various assets, ensuring its value.
rUSD is an over-collateralized stablecoin minted from staked assets that are simultaneously earning staking rewards on the RAMP platform. This stablecoin is designed to maintain a stable value of 1 USD, making it a reliable digital currency. rUSD is collateralized by various assets, ensuring its value.
Key Features
- Over-Collateralization: rUSD is minted from staked assets, providing an additional layer of security.
- Staking Rewards: The staked assets used for minting rUSD earn staking rewards, offering investors additional yield.
- Cross-Chain Capability: rUSD is a chain-agnostic stablecoin, allowing for the posting of collateral in a variety of bridged coins from other networks.
Integrations
- Reya Network: rUSD is deployed as a native stablecoin on Reya Network, facilitating neutral settlements and enhancing the overall ecosystem.
- Margin Accounts: rUSD can be used as collateral in margin accounts, with the ability to unwrap and withdraw USDC at any time.
Development Plans
- Native Yield: The rUSD contract is upgradeable to enable native yield, making it a store of value within the system.
- Full Currency Mode: rUSD is planned to serve as the universal currency within Reya Network, including the charging of fees and denoting insurance funds and staking vaults.
Governance
- Governance Layer: The governance layer leverages rUSD to backstop the system, ensuring stability and incentivizing its use within the ecosystem.
Usage
- Settlement Payments: rUSD facilitates settlement payments, integrating with other components of Reya Network's Protocol Layer.
- Trading and Investment Opportunities: Throughout the Reya Network ecosystem, holding rUSD provides access to trading and investment opportunities.
Overall, rUSD is designed to be a reliable stablecoin that offers capital efficiency and integrates well with the Reya Network and other platforms.
| Price | |
| 52W High price | $0.24 |
| 52W High date | 3rd May 2023 (1 year ago) |
| All Time High (ATH) Date | 28th Aug 2024 (3 months ago) |
| All Time Low (ATL) Date | 28th Aug 2024 (3 months ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $3.00 |
How does rUSD's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
48,116.9%
Similar Market Cap
We're monitoring 13 rUSD GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All rUSD Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 6
- Past year: 0 commits vs. an average of 92
Most Active Repos
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 349 |
| Past week | 3 |
|---|---|
| Past 12 weeks | 3 |
| Past year | 62 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 4 |
| Past year | 34 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 8 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 4 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 3 |
Top Developers 2024
In total, 109 developers have contributed to rUSD over the past year. Who are the most active rUSD developers, by commits, over the past year?
Related Projects
Developers working on rUSD also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 6,091 |
| Twitter followers | 40,464 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://appv2.rampdefi.com/ |
|---|---|
| Explorer | https://bscscan.com/token/0x07663837218a003e66310a... |
| @RampDefi |
What is the correct contract address for rUSD?
| Polygon-pos | 0xfc40a4f89b410a1b855b5e205064a38fc29f5eb5 |
|---|---|
| Binance-smart-chain | 0x07663837218a003e66310a01596af4bf4e44623d |
Has rUSD been audited for security?
No security audits found for this project.
Are you the owner of rUSD? Edit it here
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