Defi.money Price (money/CAD)
Defi.money
Currency
Official Site
GitHub
White Paper
Official Site
GitHub
White Paper
Defi.money market data
Trading Volume
24h
Circulating Supply
10,031,228.20573519
100%
Volume / Market Cap
$0.00 / 0
Market Dominance
0%
Total Supply
10,031,228.20573519
BID
N/A
ASK
N/A
What Is Defi.money (MONEY)?
$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.
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