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Ruby Protocol is a decentralized finance (DeFi) protocol built on the Ethereum blockchain. It uses a unique mechanism called "liquidity mining" to incentivize users to provide liquidity to its pools, allowing them to earn a yield on their assets. The protocol also has a governance token called RUBY which is used for voting on protocol upgrades and changes. Ruby Protocol also offers lending, borrowing, and trading services for users. The protocol is an open-source project and its code is available on Github for anyone to review and contribute to. The Ruby Protocol is a relatively new protocol that launched in late 2021, and the ecosystem and adoption is still in its early stage.