CryptoCurrencies
17571
Exchanges
500
Total Market Cap
3,549,355,640,922
Volume 24h
108,097,750,460
Dominance
BTC 60.94%   ETH 8.70%   USDT 4.47%   XRP 3.76%

Defi.money
MONEY

1.001
$
0.05 %
Change 24h
Market Cap
$ 10,053,989
Volume 24h
$ 44.28
Circulating Supply
10,045,089
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.