MoreMoney is a lending protocol that enables users to open interest-free collateralized debt positions (CDP) by using liquidity pool tokens, interest-bearing tokens (ibTKNs), and other major tokens as collateral. Borrowers mint MONEY, a USD softly pegged stablecoin backed by an over-collateralized debt position and the yield produced by the collateral. Once MONEY is minted, it can be used throughout DeFi-for interest-free leverage or to farm MORE.

MoreMoney aims to further convert base assets such as ETH, AVAX, and USDT into ibTKNs. After depositing, collateral is routed to trusted partner protocols, where the resulting tokens generate yield. That yield can be compounded back into collateral tokens or converted into MONEY to help automatically settle vault debts.

MONEY is the platform’s issued ultrasound USD pegged stablecoin. MONEY is supported by a portfolio of decentralized crypto assets, including AVAX, JOE, ETH, QI, along with incentivized Trader Joe and Pangolin LP.

MORE represents the fees paid by borrowers on the platform. In the future, holders will be able to stake MORE to share the protocol’s revenue. MORE stakers will receive 70% of the revenue generated by the protocol.