Abstract

A native decentralized stablecoin has long been the crown jewels of the decentralized finance (Defi) world with many attempts. However, similar to the impossible trinity of a public blockchain, decentralization, scalability, and security have become the impossible trinity for stablecoins where most predecessors can only struggle to cover two. Here we propose Ring Protocol with its governance token RING, a decentralized pegged asset protocol that strikes a balance in the impossible trinity of stablecoin. The Ring Protocol…



Start Mint RUSD Today

Mainnet Launch Today! Start Mint RUSD Now!


Stake RUSD to earn RING

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.


Ring Protocol Mint UI

Mint RUSD

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.


Overview

Ring Protocol believes that open source, on-chain protocols benefit from community member participation in testing and debugging the smart contracts. As the launch of Ring Protocol, it is beneficial to formalize the program incentivizing those dedicated security engineers who can help make Ring Protocol safer (the “Program”). All bug reports please email to contact@ring.exchange!

Scope

This Program is limited to the vulnerabilities affecting the Ring Protocol contract in the following contract groups. All contract addresses can be found here.

  • BondingCurve
  • Core
  • Genesis
  • Oracle
  • PCV
  • The example contracts and the contracts in…

TL;DR

The article compared Ring Protocol and Curve in various dimensions and laid out Ring Protocol’s advantages.

  • Price Mechanism: Ring Protocol swap price is guaranteed in extreme cases leveraging the advancement of the Uniswap v3 concentrated liquidity curve.
  • Liquidity Provider’s benefits: The Ring Protocol provides all benefits that Curve provides and also preserves capital for utility and trading alternatives.
  • Horizontal Scalability: Ring Protocol is built to scale to any ERC20 crypto assets and the extension can be done within minutes. The protocol auto-balances via a build-in mechanism and ‘one ring to rule them all’ asset RUSD.

Ring Labs

One Ring to rule them all — Yield Compounding Stablecoin Protocol on Uniswap V3

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