# uRamp - Web3 Case Study by BootNode

> dApp that seamlessly handles the end-to-end flow of moving Euro from a Bank IBAN to any ERC20 on any EVM chain and back (leveraging the Monerium and Li.Fi SDKs to ensure a smooth experience).

- **Page:** https://www.bootnode.dev/web3-case-study/uramp-dApp/
- **Live:** https://uramp.gnosis.io/

## Challenge

Developing the uRamp project for the Gnosis ecosystem was a significant challenge, addressing critical user issues like poor UX, high fees, and long settlement times when on/off ramping FIAT to crypto. This effort built on over five years of collaboration and key contributions, including work on DutchX, Omen, and the Gnosis Chain Bridge.

## Solution

Together with Gnosis, we designed and built on/off ramping dApp that seamlessly handles the end-to-end operation of moving Euro from an IBAN to any ERC20 on any EVM chain and back (leveraging Monerium and Li.Fi SDK to ensure a smooth experience). The only fees that users pay are gas and bridging fees native to blockchain usage.

**Users can**

            

              - create a Web3 IBAN as part of the uRamp flow and swap EUR 1:1 for EURe, the fiat stablecoin issued by Monerium, and vice versa.

              - on-ramp making a SEPA transfer to (almost) any token on (almost) any network.

              - off-ramp from (almost) any token, on (almost) any network to any Bank account that supports SEPA transfer.

The biggest challenge was to keep track of the whole flow (on and off ramp), connecting [Li.Fi](https://li.fi/) and Monerium process state, allowing the user to keep track of their transfers and resume at any step of operation.

We laser-focused on providing the best possible on/off-ramp user experience. This was our primary goal.

## Contributions

UX/UI design, Front-end leveraging Monerium and LiFi, improvements to the Monerium SDK, Documentation, Promotion.

## Outcome

dApp PoC was delivered within 1 month, MVP within 3 months.

uRamp brought in additional tx volume to Gnosis Chain.

Within the first weeks hundreds of users started exploring the app and making transfers without going through the CEX experience (account creation, long time of settlements, high fees, and slippage).

Improved Monerium SDK for a better Developer Experience.

## Client Testimonials

> "It has been a pleasure bringing uRamp to live together with BootNode. Great team, professional approach, tight feedback loop and problem solving skills made project collaboration and execution predictable and enjoyable."
>
> -- Stefan George, Co-founder and CTO at Gnosis

## Press & Media

- [Gnosis Unveils uRamp to Facilitate Seamless On and Off-Ramping for Users](https://blockchainreporter.net/gnosis-unveils-uramp-to-facilitate-seamless-on-and-off-ramping-for-users/)
- [Gnosis Venture Studios Introduces uRamp to Simplify On-Chain Asset and Fiat Currency Transactions](https://www.binance.com/pt-BR/square/post/2024-03-19-gnosis-venture-studios-introduces-uramp-to-simplify-on-chain-asset-and-fiat-currency-transactions-5625670801194)
- [Gnosis uRamp joins suite of on-chain banking products](https://blockworks.co/news/gnosis-uramp-on-chain-banking-products)
- [Gnosis Venture Studios Unveils URamp for Routing ERC-20 Tokens to Bank Accounts](https://www.coindesk.com/tech/2024/03/14/protocol-latest-tech-news-crypto-blockchain)

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Part of [BootNode Case Studies](https://www.bootnode.dev/case-studies)
For company overview: https://www.bootnode.dev/llms.txt