OneRing

RING Price

About OneRing (RING)

OneRing is a decentralized yield optimizer platform designed to simplify and automate the process of finding the highest yields for stablecoin deposits across multiple blockchain networks.

• The protocol automatically reallocates user deposits to the most profitable stablecoin farms on supported chains to maximize returns.
• All generated profits are auto-compounded, allowing users to leverage their earnings without manual intervention.
• The platform supports cross-chain yield farming on networks including Polygon, BNB Chain, Fantom, and Avalanche.

What Is OneRing

OneRing serves as a multi-chain yield aggregator that focuses on stablecoin assets to minimize market volatility for its users. The platform allows users to deposit various stablecoins or liquidity provider (LP) tokens, which the protocol then deploys into a variety of yield-generating strategies across the decentralized finance (DeFi) ecosystem. Value moves through the system as the protocol identifies high-performing farms and automatically rotates capital to maintain optimal yield. The RING token is put to work through staking mechanisms where users can earn a share of protocol revenue or benefit from boosted annual percentage yields (APY). As the ecosystem grows and more liquidity is deposited, the protocol's ability to negotiate better terms or access exclusive yield opportunities potentially scales the value returned to token holders.

What Makes OneRing Unique

• Cross-Chain Automation: Unlike single-chain optimizers, OneRing scans multiple Layer 1 and Layer 2 networks to find the best stablecoin yields.
• Stablecoin Focus: By prioritizing stablecoins and stable LP tokens, the platform aims to provide a lower-risk entry point into DeFi yield farming.
• Buyback Mechanism: A portion of protocol fees is used to buy back RING tokens from the market, which is intended to support token valuation.
• NFT Integration: Staking RING tokens can provide users with exclusive NFTs that offer additional platform benefits.

What Can You Use OneRing for?

• Yield Optimization: Users can deposit stablecoins to automatically earn interest from various DeFi protocols across multiple blockchains.
• Governance Participation: RING token holders can propose and vote on protocol changes, deciding the future direction of the platform.
• Staking Rewards: Staking RING tokens allows users to earn boosted APY and potentially receive exclusive NFT rewards.
• Fee Reductions: Stakers of the native token benefit from reduced service fees when using the platform’s premium features.

How Does OneRing Work?

OneRing operates by utilizing smart contracts to aggregate liquidity and deploy it into vetted third-party DeFi protocols. When a user deposits a stablecoin, the protocol’s algorithm evaluates current yields on networks like Polygon and Fantom, subsequently moving the funds to the highest-yielding strategy. This process includes auto-compounding, where earned rewards are sold for the underlying stablecoin and reinvested to increase the principal amount. As an application utility token, RING is used to pay for protocol service fees, and its holders can participate in the governance of these automated strategies.

Team Info and Investors

The OneRing team operates under pseudonyms inspired by "The Lord of the Rings," including CEO Aragorn, COO Gimli, CMO Witchking, CIO Legolas, and Lead Front-End Developer Boromir. The project has secured backing from several venture capital firms and investment groups, including Magnus Capital, Rainmaker Games, Wealth Union, Oracle Investment Group, and Alpha Crypto .Capital. Governance of the protocol is transitioned to RING token holders through a decentralized voting system.

Where can you buy OneRing?

RING tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade OneRing is Velodrome Finance V2 (Optimism), where the most active trading pair RING/WETH has a trading volume of $418.16 in the last 24 hours. Other popular options include Beethoven X and SpookySwap.

What is the daily trading volume of OneRing (RING)?

The trading volume of OneRing (RING) is $418.16 in the last 24 hours, representing a -58.60% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for OneRing (RING)?

OneRing (RING) reached an all-time high of $4.81 and an all-time low of $0.001862. It’s now trading -99.90% below that peak and 119.50% above its lowest price.

What is the market cap of OneRing (RING)?

Market capitalization of OneRing (RING) is $27,813.63 and is ranked #7883 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of RING tokens (6.8 Million tokens are tradable on the market today).

What is the fully diluted valuation of OneRing (RING)?

The fully diluted valuation (FDV) of OneRing (RING) is $387,300. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Million RING tokens are in circulation today. Depending on how the emission schedule of RING tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of OneRing compare against its peers?

With a price increase of 2.60% in the last 7 days, OneRing (RING) is underperforming the global cryptocurrency market which is up 5.70%, while outperforming when compared to similar Optimism Ecosystem cryptocurrencies which are up 0.40%.

How to add OneRing (RING) to MetaMask?

Adding OneRing (RING) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import RING as a token. You can copy RING’s contract address (0x582423c10c9e83387a96d00a69ba3d11ee47b7b5) and import it manually, or if you've installed MetaMask's chrome extension, add RING to MetaMask with one click on CoinGecko.

Add RING to MetaMask.