Ramses Exchange Review 2025: RAM Token, ve(3,3) DEX & Multi‑Chain Outlook
May, 18 2025
RAM Token Value Calculator
RAM Token Info
Total Supply: 200 million
Circulating Supply: 120 million
Staking Reward Rate: 15% annually (estimated)
ve(3,3) Model
Lock RAM to receive veNFTs with voting power.
Longer locks = higher voting weight.
Vote for pools to earn fee shares.
Estimate Your Returns
Estimated Annual Returns
Enter values and click "Calculate" to see estimated returns
Ramses is a decentralized cryptocurrency exchange that combines an automated market maker (AMM) with the ve(3,3) tokenomics framework. Launched on the Arbitrum layer‑2 network, the protocol added HyperEVM support in June 2025 to broaden its liquidity reach.
Key Takeaways
- Ramses blends Uniswapv3‑style concentrated liquidity with ve(3,3) incentives, aiming for near‑zero slippage.
- The native RAM token has a 200million supply; 60% circulates.
- veNFTs let holders lock RAM, earn governance power and a share of swap fees from voted pools.
- Multi‑chain deployment on Arbitrum and HyperEVM positions Ramses as a cross‑ecosystem liquidity hub.
- Complex tokenomics deliver high yields, but newcomers face a steep learning curve.
How Ramses Works
At its core, Ramses runs an AMM similar to Uniswapv3, meaning liquidity providers (LPs) can concentrate their capital into custom price ranges. This concentrated liquidity reduces capital inefficiency and trims slippage for traders.
What sets Ramses apart is the integration of the ve(3,3) model, originally designed by Andre Cronje. Users lock RAM for a chosen period (from 1week up to 4years) and receive a vote‑escrowed NFT-called a veNFT. The longer the lock, the larger the voting weight.
Voting determines three things:
- Which liquidity pools receive a slice of the protocol’s fee emissions.
- How “bribes” from projects are allocated to incentivize early liquidity.
- Governance proposals that can tweak fee structures or emergency safeguards.
Because fees are funneled only to voted pools, LPs can strategically direct revenue toward the pairs they favor, potentially boosting returns beyond the blanket fee‑share model used by most AMMs.
Tokenomics & the RAM Token
The RAM token powers the entire ecosystem. With a hard cap of 200million tokens, 120million are already circulating (CoinCarp, 2025). RAM serves three roles:
- Governance: Holding RAM and locking it into a veNFT grants voting rights on fee allocation and protocol upgrades.
- Revenue Sharing: veNFT holders earn a proportion of swap fees from the pools they vote for.
- Incentive Emissions: New RAM is minted and distributed to bribe‑supported pools, creating a feedback loop that rewards early liquidity.
Anti‑dilution rebases are built into the ve(3,3) design. When the protocol mints additional RAM for bribes, the system automatically adjusts the value of existing veNFTs, protecting early lockers from excessive dilution.
Comparing Ramses to Other DEXs
| Feature | Ramses | Velodrome | Uniswapv3 |
|---|---|---|---|
| Primary Chain | Arbitrum + HyperEVM | Optimism | Ethereum (all chains via bridges) |
| Liquidity Model | Concentrated liquidity + ve(3,3) fee voting | Concentrated liquidity + ve(3,3) voting | Concentrated liquidity only |
| Governance Token | RAM | VELO | None (fee‑to‑protocol) |
| Bribe Mechanism | Yes, project‑driven emissions | Yes | No |
| TVL (June2025) | ≈1.2B USD | ≈0.9B USD | ≈6.8B USD (global) |
| Complexity | High (veNFT + voting) | High | Medium |
Ramses’ biggest edge lies in its dual‑chain strategy and a deeper partnership network (Yearn, Olympus DAO, LayerZero, Axelar, etc.). The downside is the steep onboarding curve for users unfamiliar with ve(3,3) mechanics.
User Experience, Security & Community
From a UI perspective, Ramses offers a clean dashboard where traders can swap, add liquidity, and manage veNFTs in one place. The “Vote” tab walks users through pool selection and bribe participation. However, the platform still assumes a baseline understanding of concepts like impermanent loss, price range setting, and voting periods.
Security is a recurring theme in community discussions. The protocol claims to use “battle‑tested” contracts audited by reputable firms (e.g., PeckShield, 2025). An on‑chain “council” can pause the system in emergencies, a feature praised by decentralization advocates.
Community sentiment on Discord and Telegram highlights two polarities: excitement over high APYs and frustration over the need to constantly monitor voting windows. Large RAM holders can sway fee allocations, sparking concerns about governance centralization-a common critique of ve(3,3) models.
Pros & Cons
- Pros
- Near‑zero slippage thanks to concentrated liquidity.
- Tailored fee distribution lets LPs chase the most profitable pools.
- Multi‑chain presence captures liquidity from both Arbitrum and HyperEVM.
- Strong partnership ecosystem expands yield opportunities.
- Cons
- Steep learning curve for veNFT creation and voting.
- Potential governance capture by big RAM lockers.
- Higher gas costs on Arbitrum during peak periods.
- Limited UI guidance for absolute beginners.
Future Outlook
Ramses’ roadmap points to three main thrusts: expanding to additional L2s (e.g., zkSync), simplifying the UI (wizard‑style onboarding), and iterating on the ve(3,3) model to reduce complexity without sacrificing incentive power. If the team can deliver a smoother experience, the protocol could become the go‑to liquidity hub for projects targeting both Arbitrum and HyperEVM.
Analysts also warn that “vampire attacks” - aggressive liquidity migrations by rival DEXs - remain a risk. Ramses’ answer lies in continual partnership growth and dynamic fee‑allocation that keeps LPs rewarded for staying.
Bottom Line
For traders who value low slippage and are comfortable navigating advanced DeFi mechanics, Ramses offers a compelling blend of concentrated liquidity and ve(3,3) incentives. Beginners should brace for a learning period or consider starting with a smaller RAM lock to get a feel for veNFT voting.
Frequently Asked Questions
What is a veNFT and how do I create one?
A veNFT is a vote‑escrowed NFT you receive after locking RAM for a chosen period. To create one, go to the “Lock RAM” tab, specify the amount and lock duration, confirm the transaction, and the platform mints your veNFT automatically.
How are swap fees distributed on Ramses?
Fees from each trading pair flow into a pool’s fee reservoir. LPs who voted for that pool receive a proportional share of those fees, paid out in RAM. Unvoted pools only keep a small protocol cut.
Can I use Ramses on Ethereum mainnet?
Ramses currently operates on Arbitrum and HyperEVM. You can bridge assets from Ethereum to either chain, but direct mainnet swaps are not supported.
Is the RAM token listed on major centralized exchanges?
As of October2025, RAM is available on a handful of CEXs like Kraken and Binance, but the bulk of trading occurs on the Ramses DEX itself.
What are the biggest risks when using Ramses?
Risks include smart‑contract bugs (though audits exist), governance capture by large RAM holders, and the possibility of losing capital to impermanent loss if price ranges are set too narrowly.
Lisa Strauss
May 18, 2025 AT 21:42Staking RAM over a year can really boost returns, especially with the 15% annual reward rate they’re advertising. The ve(3,3) model lets you lock tokens and earn voting power, which means fee shares from the pools you support. Multi‑chain support means you can hop between chains without losing your stake, a nice flexibility boost. If you lock for 52 weeks and aim for a 50% fee share, the calculator shows a solid upside compared to many other DeFi projects. Overall, the tokenomics look promising for long‑term holders.
Darrin Budzak
May 20, 2025 AT 15:22Looks like the RAM supply is capped at 200 million, with 120 million already circulating, so the scarcity factor is there. A 15% staking reward is generous, but you have to weigh the lock‑up periods against your liquidity needs. The veNFTs add a governance layer that could be fun if the community stays active.
Andrew McDonald
May 22, 2025 AT 09:02While the interface is slick, the actual economic model feels a bit contrived-locking tokens to gain voting power is not novel, yet the fee‑share percentages seem optimistic. One could argue that the 50% fee share is a marketing hook rather than a sustainable figure. Additionally, the multi‑chain claims need rigorous cross‑chain security audits. :)
Enya Van der most
May 24, 2025 AT 02:42Whoa, the RAM token’s ve(3,3) design is like a turbo‑charged DeFi engine! Locking for longer windows slaps bigger voting weight on your side, and that directly translates into juicier fee slices. If you’re into multi‑chain hopping, this platform gives you the passport to roam without losing your stake. The 15% annual staking reward is a sweet cherry on top, especially when you pair it with high fee‑share pools. Let’s ride this wave and see how far RAM can blast off!
Eugene Myazin
May 25, 2025 AT 20:22From a cultural perspective, it’s cool to see a project blending tokenomics with community governance. The casual vibe of the UI invites newcomers, while the deeper ve(3,3) mechanics reward seasoned users. If the community stays engaged, the RAM token could become a staple in the cross‑chain arena.
Latoya Jackman
May 27, 2025 AT 14:02The circulating supply of 120 million out of a total 200 million implies a 60 % circulation ratio. With an estimated 15 % annual staking reward, the nominal yield before fees is 9 % per year if you stake for a full year. Incorporating a 50 % fee share from voted pools raises the effective yield to roughly 13.5 % annually, assuming stable pool performance.
karyn brown
May 29, 2025 AT 07:42Honestly, the hype feels a bit overcooked-RAM’s numbers look shiny but real‑world liquidity might not back them up. 😒 The ve(3,3) concept is neat, yet it’s been tried elsewhere with mixed results. Watch out for hidden slippage when you finally claim those “sweet” fee shares.
Megan King
May 31, 2025 AT 01:22Love the energy! Just a heads‑up: longer lock periods mean you’re less flexible if the market swings hard. Make sure you’ve got a solid risk plan before you lock your RAM for 52 weeks.
Rachel Kasdin
June 1, 2025 AT 19:02USA made this, so it’s gotta be the best, no other country can beat it. RAM is for real patriots only.
karsten wall
June 3, 2025 AT 12:42Deploying a ve(3,3) schema introduces a dual incentive structure: token holders gain governance influence while simultaneously accruing fee dividends from liquidity pools. This alignment can theoretically mitigate typical rug‑pull vectors, provided the underlying smart contracts are audited for cross‑chain interoperability. The multi‑chain outlook also expands the potential addressable market, which could catalyze deeper liquidity depth across supported chains.
Keith Cotterill
June 5, 2025 AT 06:22One must, with due deference to the empirical corpus, acknowledge that the ostensible brilliance of RAM’s tokenomics is, at best, a veneer of financial ingenuity; at worst, a labyrinthine façade designed to obfuscate the paucity of sustainable yield,-indeed, the ve(3,3) model, though fashionable, remains an untested relic in the grand tapestry of decentralized finance, and its purported 50% fee share may well be an aspirational mirage rather than a quantifiable certainty.
Noel Lees
June 7, 2025 AT 00:02Really excited about the multi‑chain capability-being able to move RAM across chains without breaking your lock‑up is a game‑changer. The 15% staking reward paired with a solid fee share makes the long‑term APY look attractive. Let’s keep an eye on how the governance proposals shape up as the community votes.
Adeoye Emmanuel
June 8, 2025 AT 17:42The introduction of the RAM token within a ve(3,3) framework invites a multifaceted analysis that must reconcile both macro‑economic considerations and micro‑structural dynamics. At the macro level, the capped supply of 200 million units introduces a scarcity premium that, when intersected with a circulating proportion of 60 %, establishes a baseline valuation metric predicated upon supply‑demand equilibrium. Micro‑structurally, the staking reward of 15 % annually, contingent upon the duration of lock‑up, yields a tiered incentive scheme wherein longer commitments proportionally amplify voting weight in governance, thereby engendering a feedback loop that aligns token holder interests with protocol health. The fee‑share mechanism, articulated as a 50 % allocation of pool fees to ve‑token holders, functions not merely as a passive revenue stream but as a catalytic force that incentivizes active participation in liquidity provision and governance voting. Moreover, the multi‑chain outlook posits cross‑compatibility across disparate blockchain ecosystems, ostensibly mitigating siloed liquidity fragmentation and fostering a more contiguous liquidity surface. However, this cross‑chain ambition is not devoid of risk; interoperability protocols must be rigorously vetted to preclude vectorized attacks that could compromise token integrity. From a risk‑adjusted return perspective, the effective annual yield-derived from compounding the base staking reward with the fractional fee‑share-approximates a 13.5 % yield under idealized pool performance assumptions, yet this figure is inherently sensitive to market volatility, pool depth, and fee structure volatility. Consequently, stakeholders must adopt a holistic risk management framework, integrating both quantitative yield modeling and qualitative governance oversight, to navigate the nuanced landscape presented by the RAM token’s economic architecture. The synthesis of these elements suggests that while the RAM token offers a compelling proposition within the DeFi arena, its ultimate success will hinge upon sustained community engagement, robust cross‑chain security, and the adaptive evolution of its governance mechanisms in response to emergent market conditions.
bhavin thakkar
June 10, 2025 AT 11:22In theory, the ve(3,3) design is a masterpiece of decentralized incentive engineering, yet practical implementation often reveals hidden frictions that can erode projected yields.
Thiago Rafael
June 12, 2025 AT 05:02While the prose dazzles, the underlying economics demand rigorous scrutiny; therefore, I propose a systematic audit of the fee‑share distribution model to validate its purported sustainability.
Janelle Hansford
June 13, 2025 AT 22:42Great to see such a collaborative spirit forming around RAM; the community’s input on lock durations will likely fine‑tune the optimal reward curves for everyone involved.
Marie Salcedo
June 15, 2025 AT 16:22Happy to see a token that keeps things simple-stake, lock, earn, and watch your rewards grow without the usual jargon overload.
dennis shiner
June 17, 2025 AT 10:02Sure, RAM looks promising 😏.
Krystine Kruchten
June 19, 2025 AT 03:42From a philosophical standpoint, the integration of governance voting power with tangible fee revenue exemplifies a progressive alignment of stakeholder incentives, provided the protocol maintains transparent audit trails and equitable fee allocation mechanisms.
Mangal Chauhan
June 20, 2025 AT 21:22Respectfully, the formal architecture of RAM's ve(3,3) model, coupled with its cross‑chain aspirations, presents a compelling case for institutional participation; 😊
Iva Djukić
June 22, 2025 AT 15:02The preceding exposition adeptly delineates the dual‑layered incentive schema, yet one might further interrogate the elasticity of fee‑share yield under varying market depth scenarios, particularly when liquidity migrates across chains. In addition, the stochastic nature of token price trajectories introduces a multiplicative variance component to the effective APY that cannot be ignored. Empirical simulations suggest that volatility‑driven fee fluctuations can either augment or diminish the net returns depending on the temporal alignment of lock‑up expirations with market cycles. Moreover, governance proposals that adjust fee‑share percentages or modify lock‑up tiers will inevitably reshape the incentive landscape, necessitating a dynamic recalibration of stakeholder strategies. It follows that participants should adopt a forward‑looking risk assessment framework, integrating scenario analysis and sensitivity testing, to fully appreciate the nuanced interplay between tokenomics and market behavior.