Ramifi Protocol, an Inflationary Resistant Synthetic Asset, Has Closed its Private Sale Round in Anticipation For Launch On March 30th.
Ramifi Protocol is a synthetic asset that uses elastic supply technology to inversely index inflation and the US dollar’s purchasing power using a weighted basket of commodities. Ramifi has closed a $740k private sale round with funding from GenBlock Capital, Pluto Digital Assets, Morningstar Ventures, Magnus Capital, Moonrock Capital, DuckDAO, Momentum 6, Lotus Capital, BlackMambaVentures, x21, and ChronosVC are among investors. Ramifi aims to build assets inversely correlated with inflation by denominating their purchasing power using a weighted basket of over 100 globally traded commodities.
The funds received from the private sale will contribute towards further development of the protocol, auditing, ecosystem development, adoption, and partnerships. Ramifi is launching $RAM Token on March 30th listing on Uniswap after IDO launch, while releasing their Torrent Liquidity Rewards Program at a later date.
Ramifi aims to bring an inflationary unit of account
US inflation expectations are at decade highs as Treasury yields remain unpredictable. The dollar is sinking — fast. Talks of a stronger dollar refer to the dollar relative to other fiat currencies. They’re inflating away into uncharted territory, while fiat is losing purchasing power every year. After all, why would you tie your life raft to a sinking ship?
It’s little wonder why the Elastic Finance boom took the cryptocurrency space by storm. As one of the most innovative developments in DeFi, it stands to revolutionize how we think about money. Ramifi is proud to be the latest project to leverage this ingenious technology. As an inflationary pseudo-derivative that indexes US dollar inflation, Ramifi demonstrates inflation fiat currencies are vulnerable to. As a decentralized inflationary index, Ramifi doesn’t tether itself to the US dollar’s sinking ship. Instead, it rides the waves of inflation.
This protection is crucial — stealth inflation is a problem that needs to be addressed. The CPI understates inflation drastically. Rather than the 2% inflation we’re always told about, real inflation for your average person is closer to 8% or higher.
Breaking the barriers of elastic finance and Ramifi’s Utility Proposition
Rather than a stable coin, which is consistently losing value due to inflation, Ramifi can be coined a stable-contract. Ramifi isn’t pegged to the US dollar at all. Instead, our contract accurately reflects US dollar inflation by tracking it’s price against a large basket of commodities. This can be the defining use case for Elastic Finance. Ramifi leverages the power of an elastic supply to protect our users’ wealth against the debilitating force of inflation while creating a tradable unit of account.
$RAM tokens have several utilities. For example, loan rates often incorporate higher interest rates to account for projected inflation. With Ramifi, a lender can receive the true inflation-adjusted value of their dollar — no speculation on future inflation required. Existing stablecoins let the often-invisible force of inflation eat into your profits. Ramifi is the perfect asset for Defi lending as it calculates the true value of your dollar at point of lending.
Considering your time preference is important. As an uncorrelated asset, Ramifi allows for portfolio diversity in the near term. In the medium term, as inflation becomes more apparent, Ramifi serves as an essential DeFi building block in the form of a lendable inflationary hedge. Finally, over the long term, Ramifi serves as an alternative to central bank money — adaptable to shocks and an index for USD inflation.
About Ramifi Protocol:
Ramifi Protocol is an inflationary resistant synthetic asset whose value is pegged to a weighted basket of globally traded commodities to denominate the purchasing power of the dollar. Ramifi was founded by Kyle Forkey and Kyle Kahlenberg, with hopes of bringing awareness and utility against the loss of purchasing power fiat currencies experience.
Keep up with Ramifi:
Github: https://github.com/ramifiprotocol/Contracts
Reddit: https://www.reddit.com/r/RamToken
Twitter: https://twitter.com/RamifiProtocol
Telegram Announcements: https://t.me/RamifiAnnouncements
Telegram: https://t.me/ramifiprotocol
Facebook: https://www.facebook.com/Ramifi-102796428303550
Governance: https://t.me/ramifigovernance
Discord: https://discord.gg/dX84vWdB2a
If you have a set of skills that you think Ramifi could use, please reach out to us at contact@ramifi.org!
