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DAMX Integrates with Stably Ramp

Categories: AnnouncementsPublished On: April 4th, 20233.7 min read

Stably Ramp Partners with DAMX for Enhanced Trading Experience on Fantom.

Stably is excited to announce our partnership with DAMX, a cutting-edge decentralized spot and perpetual exchange on the Fantom network. DAMX offers a unique multi-asset pool that rewards liquidity providers with fees from market making, swap fees, and leverage trading, while leveraging Chainlink Oracles and aggregated prices from leading volume exchanges for dynamic pricing.

Through this partnership, DAMX users will benefit from the seamless integration of Stably Ramp, enabling easy fiat on and off-ramp for trading on the Fantom network. With the addition of Stably Ramp, users can conveniently deposit and withdraw funds using various payment methods, further enhancing the trading experience on DAMX. The integration also expands the utility of stablecoins, allowing traders to access a stable and secure option for managing their assets.

Stably and DAMX share a common vision of providing users with a secure, user-friendly, and efficient trading experience in the rapidly evolving DeFi landscape. This collaboration will contribute to the growth of the Fantom ecosystem and showcase the innovative capabilities of both Stably Ramp and DAMX. We look forward to further collaboration and innovation with the DAMX team and the Fantom community, pushing the boundaries of decentralized finance.

You can follow the easy steps below to buy/sell Stablecoins on DAMX:

  1. Submit a buy or sell order through the Stably Ramp. 
  2. Create a new account and submit your KYC.
  3. Once approved for KYC, make a fiat payment via bank transfer. Afterward, enter a wallet address to receive your tokens.
  4. Stably converts fiat to stablecoin and sends it to your wallet.
  5. Receive your tokens and start using them in Web3 apps.

Stably Ramp

Stably Ramp is a leading fiat-to-stablecoin gateway, offering low friction payment options such as Fedwire, SWIFT, ACH, and instant ACH, with superior exchange rates compared to other fiat ramps for stablecoins. Once integrated with a DeFi aggregator in Q2, Stably Ramp will become omnichain, offering access to 100+ digital assets on 25+ networks, including popular stablecoins such as USDC, USDT, USDS, DAI, and FRAX. With a focus on self-custody settlement, users receive purchased assets directly in their non-custodial wallet, reducing custody risk and increasing security. Stably Ramp offers worldwide coverage, supports 40+ currencies and 200+ countries/regions, making it the top choice for Web3 BUIDLers to enable their users to buy/sell stablecoins using traditional bank payments. 

To try Stably Ramp, visit stably.io/ramp and for integration information, email sales@stably.io and learn about their partner revenue sharing program.

About DAMX

DAMX is a decentralized spot and perpetual exchange that supports low swap fees and zero-price impact trades. DAMX offers traders the best trading experience that’s transparent, secure and user-friendly. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees and leverage trading.

To know more about DAMX, follow their social and community channels.
Twitter | Telegram | Discord | Medium

About Stably

Stably is a Web3 payment infrastructure provider and FinCEN-registered MSB from Seattle. The company specializes in providing fiat gateways, multi-chain stablecoins, and cross-chain bridged tokens to users of Web3 applications. Stably’s mission is to power this decade’s next billion Web3 users with regulatory-compliant payment infrastructure across both developed and emerging blockchain ecosystems.

For all support inquiries, please visit support.stably.io.

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RISK DISCLAIMER: Nothing contained herein shall be considered financial advice or recommendation to buy/sell any security, commodity, cryptocurrency, digital asset, or any other financial instrument or asset. Cryptocurrencies, digital assets, and investing have many risks, including risk of losses beyond principal investment or purchase amount. Past performance is not indicative of future results. Investing, purchasing, and transacting in cryptocurrencies and digital assets carry a high level of risk and may not be suitable for all individuals. Before deciding to invest in cryptocurrencies and digital assets, you should carefully consider your objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss that may exceed your initial investment or purchase amount and therefore you should not invest money or purchase cryptocurrencies or digital assets in any amount that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency/digital asset investing, purchasing, and transacting and seek advice from an independent licensed financial advisor.

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