Introduction to Moremoney

Moremoney: Interest-free loans and Yield farming
  • Interest-free loans
  • All supported tokens are automatically yield-bearing tokens
  • Use LPT as collateral while receiving farm reward in the form of self-repaying loans
  • MONEY is our Ultrasound Dollar
  • MORE is the Governance and fee sharing token

How It Works

  1. Alice holds single assets, e.g., AVAX, JOE, PNG, or Liquidity Pool Tokens (LPT) in a supported pair.
  2. She deposits these tokens into the Moremoney lending contract and requests a certain amount of $MONEY as a loan.
  3. The lending contract withdraws the LPT from her wallet and deposits it into a yield-earning contract, such as an incentive contract run by the DEX or a Yield YAK folding strategy for Benqi or Banker JOE.
  4. Then it mints the requested amount of $MONEY to Alice’s wallet, taking a minting fee
  5. The contract checks the minimum collateralization ratio for Alice’s account holds using a price oracle
  6. Alice can now trade $MONEY on exchanges, add liquidity to farm MORE, provide it as collateral for leveraged trading, etc.

What happens to yield?

Ultrasound MONEY

MORE

Unique Feature and Upcoming Products

Risk

keep balance to avoid liquidation

Free Alpha: When Launch?

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Moremoney is a protocol for borrowing against your liquidity pool tokens and other interest and non-interest bearing tokens, while still earning a healthy APY.

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Moremoney Finance

Moremoney Finance

Moremoney is a protocol for borrowing against your liquidity pool tokens and other interest and non-interest bearing tokens, while still earning a healthy APY.

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