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RAMP Project Rebrand and Token Swap
As the RAMP project and community evolve from a micro-cap project launch, we continue to innovate and reorganize to better serve the broad crypto and the RAMP community.
Rebranding RAMP DEFI to Lever Finance
- Subject to the product transition, we propose that RAMP DEFI be rebranded into Lever Finance, with LEVER as the new token ticker.
- Lever Finance is a better representation of the project’s positioning — a focus on high capital efficiency and maximizing yield opportunities to ship innovative leveraged solutions in the DeFi space.
Swap RAMP for LEVER at 1:35 Ratio
- With a new product and brand revamp, a token swap from RAMP to LEVER is also required to take place, and we propose that this be undertaken at a 1:35 redenomination.
- This means that for every 1 RAMP token, users can swap for 35 LEVER tokens.
- This is a straightforward token redenomination and swap — there are no additional token issuances or changes to token distribution / allocation.
- Once confirmed via community voting, we will reach out to exchange partners to discuss and work out the swap arrangements, and also prepare an on-chain swap contract for the token swap.
