Ring protocol aims to become the ultimate liquidity market that connects defi assets through our innovative stable coin RUSD. The first pillar of our protocol is the Ring Stablecoin, which unifies a myriad of stablecoins through algorithmic market making. It focuses on providing frictionless stableswap and compounding yield. The second pillar completes the Ring with our Liquidity Maker product that utilizes the scalability of RUSD to provide capital-efficient liquidity for partner projects and an opportunity to earn single-token yield. With these two pillars, the Ring protocol will become the cornerstone of a democratized and efficient liquidity market without the risk of liquidation.