What is Ramses Exchange? Ramses Exchange is an AMM Dex on Arbitrum with ve(3,3) model created by Andre Cronje on the Solidly project. This model is a turning point towards creating more user-friendly Dex exchanges.
So What is Ramses Exchange? How does it work? Let’s find out in this article!
To understand more about Ramses Exchange, you can read the following articles:
- How Solidly (SOLID) Works
- What is Velodrome (VELO)? Velodrome Cryptocurrency Overview
- What is Thena (THE)? Thena Cryptocurrency Overview
What is Ramses Exchange?
Overview of Ramses Exchange
Ramses Exchange is an AMM Dex on Arbitrum with ve(3,3) model created by Andre Cronje on the Solidly project. This model is a turning point towards creating more user-friendly Dex exchanges.
Ramses is a Dex that uses 2 types of liquidity pools:
- vrAMM: A Pool that supports trading of volatile assets such as ETH, ARB, GMX,… The price curve is calculated according to the formula x*y=k.
- crAMM: A Pool that supports trading of stable assets such as USDC, USDT, etc. The price curve is calculated according to the formula x^3y+y^3x=k.
Mechanism of action
Products on Ramses Exchange:
- Swap: Allows users to swap assets and pay a fee of 0.2% for Altcoins, 0.01% for Stablecoins.
- Bribing: Users or protocols can bribe voters to direct emissions to specific token pairs and in return receive a proportional distribution of bribes.
- Vesting: Lock RAM to receive veRAM participation in governance and profit distribution to liquidity pairs.
- LP Staking: The person adding liquidity must Stake LP to receive fees and cThe more votes allocated to a pair, the more RAM will be awarded to that pair in the next epoch.
Development Roadmap
Updating…
Core Team
Updating…
Investors
Updating…
Tokenomics
General information about Tokens
- Token Name: Ramses Exchange
- Ticker: RAM
- Blockchain: Arbitrum
- Standard: ERC-20
- Contract: 0xaaa6c1e32c55a7bfa8066a6fae9b42650f262418
- Total supply: 200,000,000
- Maximum supply: 500,000,000
Token Allocation
- Migration-1%: Rewards for moSOLID.
- LGE-4%: Used for liquidity creation events.
- Team-10%: Reserved to reward the development team.
- Ecosystem Incentives-10%: Used to encourage the ecosystem.
- veRAM Partner-15%: For partners, the protocol holds a lot of veRAM.
- Emissions-60%: Emissions according to the ve(3,3) model.
Token Use Case
The RAM token is used to incentivize liquidity, govern the protocol, and distribute fees.
Exchanges
RAM tokens are traded on the Uniswap decentralized exchange.
Information Channel of Ramses Exchange
- Website: https://www.ramses.exchange/home
- Twitter: https://twitter.com/RamsesExchange
- Medium: https://medium.com/@RAMSES_Exchange/ramses-1de0edd7390e
- Discord:
Summary
So I have clarified what Ramses Exchange is? Overview of Ramses Exchange cryptocurrency. Hope this article gives you a lot of useful knowledge!