/biz/ - Business & Finance

[noob toob No.24085975]

repostan this again for those who missed it

Ive been leaving some crumbs here and there about this project but the Ramifi Protocol is a game changer.
It is a DeFi stablecoin token with an elastic supply BUT, it has another mechanism in its protocol that allows it to defend its peg against inflation.
>Why is this important?
Well, the dollar is inflating at around 3% every year and that not accounting for other factors that account for USD devaluation.
>AMPL uses the CPI index how is this any better?
The CPI isn't a reliable source to account for real time dollar value, although the CPI reported a rate of 1.7%, actual consumer inflation is likely three times that. The protocol also rebalances both its supply and its peg every 24 hours, which over time WILL be increasing in value while AMPL is still shooting for $1.00 years later, Ramifi might be pushing $1.20. This essentially protects you from inflation and allows you to gain the market at the overtime.

this peg is based on over 150 commodities and their relative prices to the dollar, all being fed by a secure market oracle (you guessed it, chainlink) from multiple data feeds coming from exchanges all around the world.

they're currently holding a very limited airdrop, only 1,000 users roughly, so go to the website to sign up if you'd like free tokens:
ramifi.org

[noob toob No.24086096]

bumpo

[noob toob No.24086162]

BUMP