CryptoCurrencies
17961
Exchanges
500
Total Market Cap
4,115,448,224,090
Volume 24h
259,199,892,370
Dominance
BTC 56.39%   ETH 11.44%   XRP 4.79%   USDT 3.99%

Defi.money
MONEY

1.006
$
0.23 %
Change 24h
Market Cap
$ 10,101,722
Volume 24h
$ 2.810
Circulating Supply
10,036,425
MONEY
$
# Exchange Pair Price Volume 24h

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.