Announcing the Ramp-Glitch Finance Partnership
We proudly announce our partnership with Ramp, a global decentralized finance solution that focuses on unlocking liquid capital from staked digital assets.
The two-part partnership will focus on (Part one) building the bridge for $GLCH from Ethereum to Binance Smart Chain which will allow the community members to trade on Pancake Swap and save the huge fees from Uniswap and (Part two) a collaborative effort in creating a stable coin to launch on the Glitch Blockchain.
As a part of our co-op initiative, the two-part partnership will revolve around;
Building the bridge:
Earlier this month, Ramp successfully launched their bridge for token swapping between the ERC20 to BEP20. In the coming weeks, we will be working in conjunction with Ramp to deliver our bridge for the Binance Smart Chain so the users holding GLCH (ERC20) tokens can swap into GLCH (BEP20) tokens and participate in low-fees trading on PancakeSwap. Our long-term goal is to replicate this model and eventually create a bridge for Glitch and other interoperable blockchains.
Glitch Stablecoin
Over the last few months, we’ve had rounds of discussions with Ramp around our goals and visions to deliver a GLITCH stable coin on the network and are happy to announce that this will be delivered in conjunction as part of our co-op initiative with Ramp.
Although our discussion is still in its infant stages and we’re still structuring out the key details, we are confident that with what the team at Ramp has presented, we are in good stead to launch a stable coin with the aim of it being pegged to the top 5 fiat currencies.
“The ever-growing fees of Ethereum and Uniswap has been a real hindrance for the Glitch community to be able to use the tokens. Hence, upon the requests of our community members to provide the ability for GLCH token to be made available on Pancake Swap has lead us to move forward on our BSC bridge sooner than planned and in turn, we will ensure sufficient liquidity is made available on the network. We are also excited for the development of our Glitch stable coin which will be an integral part of our network moving forward.” — Rohan, Head of R&D Glitch
“RAMP is excited to work alongside Glitch to fulfill our vision for cross-chain liquidity and to empower RAMP users with seamless stable coin swap solutions across networks that minimize transaction friction and maximize value transfers.” — Lawrence, Project Lead Ramp Defi
About Ramp
Backed by world-class investors, RAMP DEFI is a global decentralized finance solution that focuses on unlocking liquid capital from staked digital assets. 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 USD124 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 the end of 2021.
Follow RAMP DEFI, get in touch with the project team members, and join our community in the following official channels:
About Glitch
Built from the ground up, GLITCH is a blockchain-agnostic super protocol designed specifically for trustless money markets. Glitch solves the expensive fee structure of other blockchain platforms and plans to incorporate token wrapping bridges, where dApps can be run more efficiently, all in service of Glitch’s ultimate goal: to become the global financial rail.
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