CAI announces partnership with Moremoney to enable leverage
The partnership
Colony and Phuture are delighted to announce an official partnership with Moremoney, to allow users to borrow using CAI/AVAX LP as collateral.
The Moremoney protocol allows users to borrow against LP tokens, interest-bearing tokens (ibTKNs) and other major tokens as collateral, while continuing to earn competitive yields on their deposits through third-party executed strategies such as Platypus Finance, BENQI, AAVE, and Yield Yak. Additionally, users retain control over the strategy used on their underlying funds and can make seamless changes when a superior option emerges.
Moremoney’s vision is to help expand the Avalanche lending landscape, letting users borrow a first of its kind yield bearing stablecoin (MONEY), while earning a sustainable yield on their collateral.
Together, CAI and Moremoney bring some of Avalanche’s most innovative lending solutions to investors like you!
How it will work?
The integration of CAI/AVAX LP onto the Moremoney protocol helps enhance the index’s utility, allowing investors to deposit their LP, borrow against it and leverage.
As a result of this integration, CAI investors will be able to unlock liquidity, borrow at sound collateral ratios while continuing to earn competitive yield returns.
About Moremoney
Moremoney is a decentralized borrowing platform native to Avalanche. Users can deposit tokens on the platform and borrow the MONEY Stablecoin.
Moremoney differentiates itself by letting users earn competitive yields on their deposits via strategies executed by third-parties such as Platypus Finance, Benqi, AAVE, and Yield Yak. Furthermore, users get to retain control on which strategy is used on their underlying funds, and can make seamless changes when a superior option emerges.
The MONEY stablecoin is the first yield-bearing stablecoin on Avalanche, and was designed with ultra-sound peg-keeping architecture.
About Colony
Colony is a community driven accelerator, evolving into an inclusive DAO, to boost Avalanche’s ecosystem growth. Powered by a governance token: $CLY.
Colony deploys capital within Avalanche on early stages projects, provides liquidity to DeFi protocols, validates networks through staking capabilities and will maintain an Index on top Avalanche projects. The true sustenance and value generated by Colony’s investments is routed back to the community through airdrops, a buyback mechanism, and staking rewards.
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About Phuture
Phuture (PHTR) is a decentralised protocol that allows users to gain passive exposure to crypto assets. With leading index products built 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.
