DescriptionMoremoney is a lending protocol for opening (over)collateralized debt positions (CDP) using liquidity pool tokens, interest-bearing tokens (ibTKNs) and other major tokens as collateral.

Category:crypto-backed

Minting and RedemptionUsing the Moremoney app, users mint MONEY by depositing an accepted collateral asset into a vault. When the loan is repaid to retrieve the collateral, the paid back MONEY is burned.