Defi.money MONEY
MONEY
0.9881
$
0.02 %
Change 24h
Market Cap
$ 9,912,343
Volume 24h
$ 388.76
Circulating Supply
10,031,228
MONEY
$
| # | Exchange | Pair | Price | Volume 24h |
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Description
$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.