Hello Ruler Community,
Here is brief overview of some delistings, updates, partnerships, and events that have occurred over the course the last month!
For the below list of pairs, we have delisted them for following reasons:
Dear Ruler Community,
The team had been searching high and low for viable infrastructure options that would allow for Ruler Protocol to function as it does on ETH mainnet. One protocol, Nerve, stuck out to us the most. They were more than willing to lend a helping hand and we thank them greatly for this. …
We are proud to share Ruler Protocol’s future roadmap. Other than continued improvements to the app and new partnerships, we have set the following milestones and will continue to adjust our roadmap accordingly with new developments in DeFi
We are planning to release the lite user interface this week. It will simplify the user experience compared to the current market page for borrowers and lenders. While most users will prefer the new lite UI, more advanced users can still access the current UI which is more detailed and customizable.
We are planning the expansion of the Ruler protocol to new…
We are excited to announce that Ruler Protocol is now using Chainlink Price Feeds live on mainnet to secure user funds within our no-liquidation lending platform. As the most widely adopted oracle solution in DeFi, Chainlink Price Feeds are time-tested oracle infrastructure for accessing the most up-to-date, accurate, and tamper-proof prices on-chain for various digital assets. Ruler Protocol uses Chainlink Price Feeds to calculate a pool’s minimum collateralization ratio, which keeps Ruler Protocol secure by limiting a pool’s ability to mint new loans when market conditions deem it necessary.
We elected to use Chainlink Price Feeds because they are pre-built…
The Ruler Protocol community has been quite busy lately! Many new proposals have been voted on via snapshot. We would like to commend you all on your participation in governance!
Now, let's get down to business…
In this article, we will go over three proposals that have been recently passed by the community.
Authorize RULER rewards on BSC (Binance Smart Chain)
To simplify our tokenomics and add some clarity and certainty to the emissions rate, Ruler Protocol has adopted the following new tokenomics structure:
Farming rewards for May expirations will start on April 29th at 00:00 UTC. All lending liquidity pools are paired with stablecoins and expire on May 31st at 23:59 UTC.
Note: there are and will be pairs launched before or after this release statement for May expirations that are not listed here.
In roughly 48 hrs Ruler Protocol will launch an experimental “borrowing” pool. This pool will allow the user to borrow $TRIBE token(s), using $DAI as collateral. There is no risk of liquidation, but be sure to repay your loan before expiry. This will still consist of borrowers, lenders and liquidity providers.
You can borrow 1 $TRIBE for every 4 $DAI locked as collateral. For example, a user could borrow 1000 $TRIBE tokens by locking 4000 $DAI as collateral.
User enters the number of $TRIBE tokens they would like to borrow. Then they would agree to the displayed number of $DAI…
With the passing of REP5, the team will adjust the RULER rewards for the current liquidity mining pools based on utilization ratio and a number of other factors to make sure RULER emission is serving the protocol efficiently.
During this update, 10 out of the 15 liquidity pools will be updated.
Note: the non RULER rewards (like BOR, PICKLE rewards) are not changed. The new RULER rewards will still match or exceed the value of non RULER rewards.
The above change will be implemented within the next few hours. It will reduce RULER emission by 1102.5 RULER/week (~35% reduction for liquidity mining).
The team will adjust emissions up to once per week as needed.
Did you know you can take out a flash-loan from Ruler Protocol? The fee is just .085%! One of the lowest in the space.
There are 21+mm worth of DAI, 10+mm worth of wETH, 6+mm worth of wBTC, and more to be borrowed. You can find the available amount of all available tokens to borrow here.
No extra action required to participate and claim the bounty. We will be watching the on-chain activity, the first address to do this, will receive the bounty rewards.
You can find documentation on our flash-loans here.
As we continue to develop, one of our main goals is to add more collateral to be used to borrow against. Some collaterals being added are of the following categories: