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More Token news
About More Token
Moremoney is a lending protocol for opening interest-free collateralised 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-collateralised 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 token or into $MONEY to automatically repay debts owed by a vault.
The live More Token price today is $0.001044 USD with a 24-hour trading volume of $628.12 USD. We update our MORE to USD price in real-time. More Token is up 0.02% in the last 24 hours. The current CoinMarketCap ranking is #6434, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000 MORE coins.