Defi.money
$MONEY is a decentralized stablecoin denominated in USD, which can be minted by depositing collateral and opening a loan in the Defi.money protocol. It distinguishes itself from other stablecoins based on by adopting a liquidation mechanism based on AMM; this mechanism can buy or sell your collateral within the liquidation price range, unlike stablecoins based on CDP fixed price thresholds. This protects users from experiencing all of the liquidations that might otherwise occur due to price volatility. $MONEY is optimized for everyday users by being deployed on Layer 2; with significantly lower gas fees, even smaller loans are more cost-effective. The protocol also natively supports cross-chain functionality, meaning it can be minted on multiple chains and bridged seamlessly between them.
Overview
$MONEY is a decentralized stablecoin denominated in USD, which can be minted by depositing collateral and opening a loan in the Defi.money protocol. It distinguishes itself from other stablecoins based on by adopting a liquidation mechanism based on AMM; this mechanism can buy or sell your collateral within the liquidation price range, unlike stablecoins based on CDP fixed price thresholds. This protects users from experiencing all of the liquidations that might otherwise occur due to price volatility. $MONEY is optimized for everyday users by being deployed on Layer 2; with significantly lower gas fees, even smaller loans are more cost-effective. The protocol also natively supports cross-chain functionality, meaning it can be minted on multiple chains and bridged seamlessly between them.
- Sector
- # Stablecoins