About Rulerprotocol.com
Rulerprotocol.com is a lending platform where users can borrow their preferred cryptocurrency with any other cryptocurrency as collateral.
Ruler Protocol is a lending platform where users can borrow their preferred cryptocurrency with any other cryptocurrency as collateral. It aims to fill the gap by enabling no liquidations as long as borrowers pay back on time, interest rates determined by supply and demand, fixed-rate loans at the moment of borrow/lend, fungible loans that can be tradable anytime & anywhere.
Rulerprotocol.com is airdropping a total of 3,333 RULER to users who participated in Cover Protocol, Yearn Ecosystem, and Inverse governance via snapshot.page and to Ruler Protocol testing program participants. All eligible participants will be able to claim 2 RULER tokens.
How To Join Rulerprotocol.com
First Step
Visit the Ruler Protocol claim page.
Second step
Connect your ETH wallet.
Third Step
If you’re eligible, then you will see the “2 RULER” claim button.
Fourth Step
Claim it to receive 2 RULER tokens.
Fifth Step
Governance participants of Cover Protocol, Yearn Ecosystem, and Inverse (via snapshot.page) and users who’ve participated in the Ruler Protocol testing programs are eligible to claim the tokens.
Six Step
You will only be able to claim your tokens for 20 days. All unclaimed tokens will be sent to the treasury.
Seven Step
For more information regarding the airdrop, see this post.
Ruler Pairs
Ruler pairs are at the core of Ruler Protocol. Each pair consists of the following elements:
- Collateral token (ex. wBTC)
- Paired token, the token users have to payback (ex. Dai)
- Expiry, the time users have to pay back (ex. 12/31/2021)
- Mint ratio, the ratio of collateral to paired token. 10,000 mint ratio @ $30,000 collateral price = 300% collateralization ratio
Two Fungible Tokens (rTokens – rcToken & rrToken)
Two fungible tokens are minted when a user deposits collateral into Ruler for each Ruler Pair. Based on the collateral type, there will be a mint ratio between the rTokens and the collateral. For example, 1 wBTC deposited as collateral may mint 10000 rTokens (300% collateralization ratio @ 30000 wBTC price).
What is Ruler Protocol and what makes it unique?
Market Priced
No bonding curve to determine interest rates, instead rates are decided by market demand and supply..
No Liquidation
With Ruler, as long as you follow the rules, you will never have to worry about health factors or having your position liquidated.
Fungible Loan
Obtain ERC-20 loans for the time period you need. Trade your debt sheet anytime.
Decentralized
Ruler Protocol’s smart contracts will be deployed, and verified on the Ethereum blockchain, making lending and borrowing entirely censorship resistant and open.
Limitless
Ruler Protocol will allow you to lend out any asset. Those looking to borrow an asset are able to, as long as there are people willing to lend it out.
No Kyc Required
Ruler Protocol allows you to lend and borrow without needing to give up your identity.
What is RULER Token and what is it used for?
Completely Valueless
RULER tokens are valueless and serve as governance tokens for Ruler Protocol.
Governance
Vote on community-submitted proposals that will shape the future of the protocol.
Liquidity Mining
Earn RULER tokens through being a liquidity provider by lending assets
Contributor Mining
Earn RULER tokens by contributing to the protocol and make it better.
Disclaimer:
Not All The Websites Which Listed In Top List Are 100% Safe To Use Or Investment. We Do Not Promote Any Of Those. Due Diligence Is Your Own Responsibility. You Should Never Make An Investment In An Online Program With Money You Aren’t Prepared To Lose. Make Sure To Research The Website. So Please Take Care Of Your Investments. And Be On The Safe Site And Avoid Much Losing Online.
