MoreMoney MORE Price $ 0.00104

MoreMoney is a lending protocol for opening interest-free collateralized debt positions (CDP) using liquidity pool tokens, interest-bearing tokens (ibTKNs), and other major tokens as collateral. Borrowers mint MONEY, a USD softly pegged stablecoin backed by an over-collateralized debt position as well as the yield earned by the collateral. After minting MONEY, borrowers can use it across the DeFi landscape, for interest-free leverage, or simply use it to farm MORE.

MoreMoney is designed to support the further conversion of base tokens like ETH, AVAX, USDT into ibTKNs. Upon depositing, collateral assets are forwarded to trusted partner protocols where these tokens earn yield, which is either compounded into collateral tokens or into MONEY to automatically repay debts owed by a vault.

MONEY is the platform's issued ultrasound USD pegged stablecoin. MONEY is backed by a basket of decentralized crypto assets including AVAX, JOE, ETH, QI, and incentivized Trader Joe and Pangolin LP. 

MORE captures the fees paid by borrowers on the platform. Holders will be able to stake the token in the future for revenue generated by the protocol. MORE stakers will receive 70% of the revenue generated by the protocol.