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User Guide
How to interact with Ring Protocol
Most intuitive way to interact with Ring Protocol is through minting, trading and staking.
Users can start mint RUSD by depositing DAI / USDC / USDT assets via Ring App (https://ring.exchange). Any deposit goes to Ring Protocol’s bonding curve for price discovery, and at the same time, the protocol will increase the liquidity depth of the corresponding stable pool on Uniswap V3. RUSD is fully pegged by the basket of supported stablecoin assets, and the price is kept at peg by protocols reweighting (when below the peg) and arbitrage ( when above the peg).
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Staking RUSD to mine RING will be launch on Jun.4th at 12:40 PM PST (Jun.4th at 7:40 PM GMT). However, users can start staking NOW via Ring App “Stake“ UI to enjoy immediate rewards once the pool starts. The staking pool is for RUSD single asset (no impermanent loss). For the genesis allocation, 10% of the total RING supply is reserved for staking reward, which will decrease linearly in two years. Therefore, stake now to earn more!
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Last modified 2yr ago