How your rUSD/eUSD stablecoins will have stable price if this coins has not backed by real accets and Ethereum tokens have dinamic price every day? And whats usecase of your RAMP token in this case?
The stable coin that will be issued by the ramp project will be using the rebase as its formula to make it stable. What you need to do to join in the telegram group of ramp defi and then you will see a lot of questions regarding this.
When the price of rUSD or eUSD will be more than what it should be and it will be rebased automatically.
Imagine when your rUSD worth $1.5 and then it will rebase again into the $1 and you will get 1.5 coin that will have the same value as $1.5
Sounds very nice! But I wonder if that will always be the case. Usually, the mission of project is really nice to hear but when it comes to actual implementation, everything goes sideways. Just ask yourself, is this project legit to the core and sincere of what they are aiming here? What is the chance that they are bluffing with their real assets here? Few thoughts to ponder.