Defi.Money Stablecoin
$0.9982
0.05%
Past Day
Market Stats
Market Cap
$10.11m
24h Volume
$44.34k
FDV
$10.11m
Max Supply
10.12m
About
What is Defi.Money Stablecoin?
$MONEY is a USD-denominated decentralized stablecoin, that can be minted by depositing collateral and opening a loan within the defi.money protocol. It distinguishes itself from other CDP-based stablecoins by utilizing an AMM-based liquidation mechanism that can buy or sell your collateral within a liquidation price range instead of a set price threshold. This protects users against full liquidations that otherwise could occur due to price volatility. $MONEY has been optimized for everyday users by being deployed on Layer 2 chains, to make even smaller loans cost-friendly due to much reduced gas costs. The protocol is also natively cross-chain, meaning it can be minted on multiple chains, as well as seamlessly be bridged between them.