Get early access to Ratio Finance

A Reg D offering for U.S.-based, accredited investors

Ratio Overview

Setting a new standard.

Risk management, CDPs, integrations & more

Ratio Finance combines a beautiful and intuitive interface with powerful and unprecedented DeFi features. Users can easily leverage their assets by creating collateralized debt positions, as well as track the health of their portfolio and compare the risks of providing liquidity to various yield farms.

Ratio Finance innovations

  1. Applications of traditional financial risk management for DeFi
  2. Collateralized Debt Positions that accept yield-bearing LP as collateral
  3. Yield aggregation powered by Solana’s lightning-fast settlement times
  4. Direct integration into centralized exchanges, protocols and AMMs for risk management

$RATIO

At the heart of all of Ratio Finance’s services is its protocol-owned risk management.

The ways that the platform assesses the risk of assets, the oracles that it uses for price feeds, and the collateral that it can accept are all determined by $RATIO governance. Unlike the 2008 financial crisis—where collateral debt obligations (CDOs) were being maliciously rated as “good debt” by credit rating agencies—the ways that the Ratio Finance protocol mitigates risk are protocol-owned and governed.

By participating in $RATIO governance, committed community members help vote on and improve on what will become a bedrock of DeFi for Solana and beyond.

How to participate:

Date and time: To be announced soon

Before you invest:

  1. ✍️ Sign up for your Republic account
  2. ✔ Verify your email
  3. ✅ Verify your identity *
  4. Set up your receiving wallet**

* Note: Please use a valid form of identification such as a driver's license (front and back), standard-issue visa, or a passport. Other forms of ID may not be supported.

For these offerings, you will only be able to use crypto as a payment method. Credit/debit card, wire, or bank transfer will not be accepted. Republic is integrated with a third-party provider, Bitpay, to facilitate crypto transactions. You do not need to create a Bitpay account in advance of the offering. 

Learn more about Bitpay, including how to fund your Bitpay invoice and the cryptocurrencies Bitpay accepts, here:

**Lastly, you will need to set up a receiving wallet. You will not be able to receive RATIO tokens to your Bitpay wallet. You will have to set up a Solana-based wallet to receive RATIO tokens such as a Phantom wallet. You can learn more about installing it here

After investing, the token distribution will occur shortly after Republic fully concludes the offerings and ensures that all investors have been recorded for accurate distribution. After the offerings, it is up to the Ratio team to decide if and when tokens will be distributed.

An important note on security

IMPORTANT: Never share your private key. Do not share your information outside of the offerings on the official Republic.com site. Always check that the URL you are clicking has the secure symbol and the root “republic.com”. We will never message you directly or request your information over email. Our support team is available at [email protected].

Follow along on Republic's Twitter, @republic_help, Ratio Finance’s Twitter, Ratio Finance's Telegram, and Ratio Finance's Discord for official updates, or reach out to us directly at [email protected].

To learn more about how to participate in digital asset offerings, please visit our Participating in Digital Asset Offerings FAQ page. For any other questions about Republic’s digital asset offerings, please visit our Digital Asset FAQ.

Frequently asked questions

Who can participate?

Each offering will have qualifications, so it’s important to refer to the terms and conditions. 

This offering will be conducted in reliance on Reg D, which is for U.S.-based investors only.

What payment methods will be accepted?

You will be able to pay with crypto using Bitpay or with USD fiat using wire.

While every investor will have to use Bitpay to participate in the offering, you will not need to create an account on Bitpay. 

When is the sale and how long will it be open?

The RATIO token offering plans to launch in February. The specific date and time of the offering will be announced shortly, so make sure to add your email to “Get Updates” and follow Republic and Ratio Finance’s on their respective social channels.

Whitelist investors will be allowed to invest 48 hours in advance of other investors participating in the general offering date.

The offering will typically be open for a week after the offering opens up to the general audience (post-whitelist). Campaigns end after the specified campaign duration expires.

Issuers have the option to end campaigns early or extend them at their discretion and in consultation with Republic. Most token offerings are in high demand are likely to fill before the close date of the offering, so make sure to participate as early as possible. If an offering is oversubscribed, you can still enter a waitlist that will give you the chance to invest should any allocation open up from cancelled investments.

How do I receive my tokens?

If and after you make your investment commitment, you will be asked to add a Solana-based wallet address to your portfolio. Please note, you will not be able to receive RATIO tokens to your Bitpay wallet. You will have to set up a Solana-based wallet to receive RATIO tokens.


You will have to set up a Solana-based wallet to receive RATIO tokens such as a Phantom wallet. You can learn more about installing it here.

When will I receive my tokens?

The distribution of tokens will take place sometime after the offerings finalize. It is currently estimated that the offering reconciliation process could take up to 8 weeks to finalize, but this will vary per offering.

After that point, it is up to the Ratio Finance team to decide when to distribute tokens (according to the lock-up terms) so be sure to follow Ration Finance on their social channels to stay in the loop.

How do I sell my tokens?

When the token generation occurs and the token is listed on an exchange, you'll be able to sell your tokens on those platforms as it relates to your lock-up period distributions.

The liquidity event will occur post-token generation event and will be tied to its respective listing on exchanges. Be sure to follow Ratio Finance on these updates to keep in touch with the timeline for each of these events.

Where are the details about the token price?

Sometimes, complex legal requirements prohibit the sharing of certain information about our offerings. This is one of those cases. 

The information will all be available on the offering page at the time of sale. Please reach out to Ratio Finance for more information. 

THIS OFFERING IS CONDUCTED PURSUANT TO RULE 506(C) OF REGULATION D PROMULGATED UNDER THE SECURITIES ACT AND IS LIMITED SOLELY TO ACCREDITED INVESTORS AS DEFINED IN REGULATION D UNDER THE SECURITIES ACT.  ONLY PERSONS OF ADEQUATE FINANCIAL MEANS WHO HAVE NO NEED FOR PRESENT LIQUIDITY WITH RESPECT TO THIS INVESTMENT SHOULD CONSIDER PURCHASING THE RATIO TOKENS OFFERED HEREBY BECAUSE: (I) AN INVESTMENT IN THE RATIO TOKENS INVOLVES A NUMBER OF SIGNIFICANT RISKS; AND (II) NO MARKET FOR THE RATIO TOKENS CURRENTLY EXISTS, AND EVEN IF ONE WERE TO DEVELOP, THE RATIO TOKENS OFFERED HEREBY ARE SUBJECT TO TRANSFER RESTRICTIONS AS DESCRIBED HEREIN.  THIS OFFERING IS INTENDED TO BE AN OFFERING THAT IS EXEMPT FROM REGISTRATION UNDER THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS.


This Offering is limited solely to Purchasers who are “accredited investors” as defined in Regulation D. To be eligible to participate in the Offering, you will be required to represent to the Company in writing that you are an accredited investor and must have provided a third-party certification attesting to such status as required by Rule 506(c). You must also represent in writing that you are (i) purchasing the SAFTs for your own account and not for the account of others and not with a view of reselling or distributing the Ratio Tokens, (ii) not domiciled or a citizen of a country in which cryptocurrency offerings are illegal, and (iii) not from countries which the Office of Foreign Assets Control has deemed a “sanctioned” country.  


In order to qualify as an “accredited investor,” a potential Purchaser must meet one of the following conditions of the date on which the SAFT is executed and as of the date of the purchase:


(i) Individual – Income Test.  An individual who had an income in excess of $200,000 in each of the two most recent years (or joint income with his or her spouse in excess of $300,000 in each of those years) and has a reasonable expectation of reaching the same income level in the current year;


(ii) Individual – Net-Worth Test.  An individual who has a net worth (or joint net worth with his or her spouse) in excess of $1,000,000 (excluding the value of such individual's primary residence) ;


(iii) IRA or Revocable Company.  An Individual Retirement Account (“IRA”) or revocable Company and the individual who established the IRA or each grantor of the Company is an accredited investor on the basis of (i) or (ii) above;


(iv) Self-Directed Pension Plan.  A self-directed pension plan and the participant who directed that assets of his or her account be invested in the Partnership is an accredited investor on the basis of (i) or (ii) above and such participant is the only participant whose account is being invested in the Partnership;


(v) Other Pension Plan.  A pension plan which is not a self-directed plan and which has total assets in excess of $5,000,000;

(vi) Irrevocable Company.  An irrevocable Company which consists of a single Company (a) with total assets in excess of $5,000,000, (b) which was not formed for the specific purpose of investing in the Partnership, and (c) whose purchase is directed by a person who has such knowledge and experience in financial and business matters that he or she is capable of evaluating the merits and risks of the prospective investment;

(vii) Corporations and Other Entities in General.  A corporation, partnership, limited liability Company or Massachusetts or similar business Company, that was not formed for the specific purpose of acquiring an interest in the Partnership, and which has total assets in excess of $5,000,000; or

(viii) Entity Owned by Accredited Investors.  An entity in which all of the equity owners are accredited investors. Neither Republic Core LLC nor Republic Crypto LLC d/b/a Republic Advisory Services (“Republic Advisory Services”)  nor any of their affiliates has independently verified any of the information provided or makes any assurances as to the completeness, accuracy or reliability of any such information provided by the Company.

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