CryptoCurrencies
17586
Exchanges
500
Total Market Cap
3,567,580,995,160
Volume 24h
137,492,618,408
Dominance
BTC 60.75%   ETH 8.85%   USDT 4.45%   XRP 3.82%

Defi.money
MONEY

0.9996
$
0.02 %
Change 24h
Market Cap
$ 10,041,716
Volume 24h
$ 420.39
Circulating Supply
10,045,522
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.