Meet Ripe–a new DeFi protocol that lets you earn yield on everything. 🍋 It's powered by a fresh stablecoin: decentralized (but scalable), algorithmic (yet collateralized), productive (and capital efficient).
Earn yield on all your digital assets–crypto, stablecoins, and NFTs. Farm on classic protocols like Convex and Curve through Ripe, and get your regular rate and additional boosted yield.
You can use your productive assets—like yield farming positions— as collateral for loans. Borrow against the value of your LP tokens, NFTs, and more and get true capital efficiency.
Earn extra APY by purchasing jUSD bonds with stablecoins like USDC, DAI, and USDT. Limited amounts of bonds are released on a regular schedule.
Ripe aims to have the full value of your assets productive and working for you. The goal is 1:1 capital efficiency.
Ripe acts as a Trusted Borrower and allocates the value of unused collateral to generate yield.
Ripe is powered by an algorithmic stablecoin, jUSD. The amount of jUSD that the protocol borrows ramps up or down based on the value of user deposits.
jUSD is 100% collateralized and backed by user deposits.
When users deposit funds into the system, they are deployed in the user's choice of classic yield farming strategies.
Ripe mints its native stablecoin, jUSD, equal to the amount of user assets in the system, and allows users to borrow up to their LTV ratio.
Ripe acts as Trusted Borrower of the value of collateral not borrowed by users, and swaps it for stablecoins via market channels (including Ripe's own bonding mechanism).
The protocol puts those stablecoins to work generating yield, which is distributed to key Ripe stakeholders (depositors, jUSD stakers, governance holders).
Increase your personal Juice Score as you Earn, Borrow, and Bond. The higher your Juice Score, the better the perks!
The ability to save, earn, and grow wealth—even while you sleep—is a powerful use-case. And while today the ability to earn yield is mostly limited to onchain assets (crypto, NFTs), we'll soon see the tokenization of real-world assets (houses, sneakers, goats).
At Ripe, we believe everyone should be able to put all their assets to work in a capital efficient way. It's a revolutionary idea that will change finance—and the world.