Ronin: In Game Savings Accounts with cUSDC

Exciting News on Compound’s Partnership with Ronin!

To drive more DeFi adoption in their ecosystem, Ronin and Circle are partnering with Compound to test cUSDC as Ronin’s de facto stablecoin. This partnership will incentivize the conversion of a majority of the 35M in USDC holdings to yield-bearing cUSDC stablecoins, and enable gamified savings accounts for Ronin Users.

Our objective is to create a savings accounts for all Ronin Users. We are working with WOOF! and Chainlink CCIP to build specifications on a converter wrapper, which will allow any Ronin user to bridge in USDC via Chainlink CCIP, and provide supply-side liquidity on Compound in one click. From there, we can build out and grow cUSDC liquidity. With this campaign we can create in-game incentive flows which direct users to build their savings.

Ronin and Circle are both in talks around amounts to co-incentivize for test campaigns, in order to push this project forward. Details have not been finalized, but we are actively working toward this implementation.

This is a great opportunity for Compound to become a savings solution for 646k daily active users on Ronin. cUSDC will offer protection against volatility of in-game assets, as well as USD inflation risk. With an abundance of supply side liquidity, Compound will also be able to provide Ronin users with leverage, which makes for compelling DeFi Integrated gameplay.

The marketing potential to advertise on behalf of the Ronin Community is huge, so we will be sharing more as the project moves forward.

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Ronin is thrilled to partner with Circle and Compound to drive mainstream DeFi adoption!

We are deeply committed to expanding our DeFi ecosystem and empowering the Ronin community with seamless access to yield opportunities through our growing network of partners in Gaming, AI, Consumer Apps, and beyond.

The gamification of DeFi will lead to a major breakthrough for user adoption, and we are actively collaborating with Circle and Compound to develop fun and innovative cUSDC campaigns for our community of over half a million active users. Stay tuned!

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It is a really powerful initiative in the case of Ronin’s mass adoption :clap:

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I like Circle’s involvment here, pretty new and novel.

I looked at Ronin on DeFiLlama and didnt see much else going on onchain. Could be a big win if people are actually using Ronin.

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I think the big news here is that Ronin is opening up their chain to be permissionless, which would enable more games to deploy, more developers to build.

They are also building out infrastructure / dev tooling, which would enable more DeFi protocols to participate.

Ronin has a substancial treasury, and this is the direction that they are investing. I think it’s a fun move to gamify savings accounts, and will enable supply for leverage activity there.

Curious about in-game leverage game components.