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Moremoney is a lending protocol that allows borrowers to open interest-free collateralised debt positions (CDP) using liquidity pool tokens, interest-bearing tokens (ibTKNs), and other major tokens as collateral. The borrowers can mint MONEY, a USD softly pegged stablecoin, backed by an over-collateralised debt position and the yield earned by the collateral. With MONEY, borrowers can leverage it across the DeFi landscape, farm MORE, or use it for interest-free leverage. Moremoney also facilitates the conversion of base tokens like ETH, AVAX, USDT into ibTKNs. When depositing, the collateral assets are sent to trusted partner protocols where they earn yield, which can be compounded into collateral tokens or used to automatically repay debts owed by a vault.
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