Colony and Phuture have announced a formal partnership with Moremoney, using CAI/AVAX LP as collateral for loans.
Moremoney offers consumers attractive returns on accounts through third-party execution platforms such as Platypus Finance, BENQI, AAVE and Yield Yak. Users can change the technique used in their foundation funds if a better option arises.
Moremoney’s vision is to help expand The Avalanche lending landscape by allowing users to borrow a yield-bearing stablecoin (MONEY), the first of its kind, while earning a sustainable return on their collateral.
Together, CAI and Moremoney are bringing some of Avalanche’s most innovative lending solutions to the market.
How Will the Partnership Work?
The integration of CAI/AVAX LP into the Moremoney protocol helps to increase the utility of the index, allowing investors to invest, borrow and leverage their LP.
As a result of this integration, CAI investors will be able to borrow at solid collateral rates, unlocking liquidity while continuing to generate competitive yield returns.
Moremoney is a decentralized borrowing platform unique to Avalanche. Users can deposit tokens on the platform and borrow MONEY Stablecoin.
About The Colony
Colony is a community-driven accelerator powered by the $CLY governance token, which will eventually become an inclusive DAO to support the expansion of the Avalanche ecosystem.
Phuture (PHTR) is a decentralized protocol that allows users to earn passive income from crypto assets. With its leading index products based on Ethereum and Avalanche, Phuture is at the forefront of innovation in crypto passive investing. Phuture has a global team and community to support and grow its mission.