We are aware that the $RING token is not tradable yet alongside some misconceptions about it. This token is deployed alongside the vault and is meant to stay pegged to $1. Buy pressure has caused it to be over this marketcap and tokens are redeemable at a premium now!
$RING (ERC-4626) is live on Ethereum
CA: 0xdEB6eb71F30B7e52D57Fc8AF0193160E1Cde3ad7
The problem: tokenized stocks are doing tens of millions in daily volume. On Ethereum L1 there's nowhere liquid to trade them, the deepest single stock pool is a rounding error. RING is the liquid venue that vacuum has been missing.
Every RING is redeemable for its share of the vault's USDC reserve at any time. That reserve is the on-chain floor and arbitrage buys any dip back up to it. Backed like an index, upside like a memecoin.
Our on-chain trading ring is really taking shape.
Ring has deployed and verified the ERC-4626 vault alongside it's price oracle. Fully open source:
Vault: https://t.co/FIIvaZ4YnT
Oracle: https://t.co/flRwtT0PBR
Ring configured with 7 blue chips the market actually trades, weighted for conviction: Circle 18, Coinbase 16, SpaceX 16, NVIDIA 14, MSTR 14, Tesla 12 & Alphabet 10.
Backed at $1.00 NAV, 100% on-chain and redeemable. No inflated FDV, every RING is real reserve you can verify right now
$RING is A ERC-4626 token representing the whole market, in one swap.
A liquid to actually trade the trending stocks. $RING bundles the blue chips such as Circle, Coinbase, SpaceX, NVIDIA & more into one token you ape on Uniswap.