Defi.money is officially live to the public, starting off with the biggest L2’s in the industry: Arbitrum!
One of the core tenets of defi.money is ushering in a new digital era of value transfer across the EVM with L2s as the bedrock of this vision. Given Arbitrum's liquidity, breadth, and speed, it'll be a cornerstone on our journey to create a truly decentralised stablecoin designed for the multi-chain future.
While defi.money is EVM agnostic and can launch on any chain in minutes, Arbitrum was chosen for a few reasons 👇
1) Orbit’s Growing Ecosystem
As the Orbit ecosystem expands, so too will defi.money - making $MONEY widely available throughout the Arbitrum Ecosystem on any chain with liquidity.
Optimised for capital efficiency, defi.money provides each dApp and its respective token the ability to safely scale their operating cost via Automated Loan Protection. Any new collateral can be put to good use and $MONEY can move seamlessly as the nexus of value transfer, for the entire Orbit Ecosystem.
2) The $MONEY Nexus
Facilitating seamless movement of liquidity through Arbitrum and Orbit chains is a game changer for ecosystem utility, and defi.money now facilitates it.
We believe in a future where a large portion (if not a majority) of users and economic activity will move to Layer 2 networks. The continued growth of the Orbit will provide an interconnected ecosystem where users and assets can easily traverse between ecosystems, unhindered - unifying liquidity. We are excited to see how this develops over the coming year as we are building the global liquidity layer for $MONEY on top of it.
3) $ARB as Collateral for $MONEY
What's a core advantage of defi.money? The ability to utilise almost any liquid cryptocurrency as collateral. We believe there is significant untapped potential in giving people more access to borrow against more exotic collateral. It’s what makes defi.money so scalable… ALL while bolstering the utility of long tail assets. So without further ado, $ARB is now collateral you can borrow against on defi.money! Users can go mint some $MONEY with $ARB today.
Looking Forward
We couldn't be more excited to grow in unison with Arbitrum and the Orbit ecosystems, so stay tuned as we’ll be deploying on other chains within the ecosystem very soon 👀
Upwards and onwards,
Team @defi.money
About Arbitrum Orbit
Orbit is a permissionless path for launching customizable Layer 2 (L2) or Layer 3 (L3) chains using Arbitrum technology. Orbit Chains are deployable, configurable instances of the Arbitrum Nitro tech stack, and settle to any Ethereum L2, such as Arbitrum One. With Orbit, you can configure numerous components of the chain such as throughput, privacy, gas token, governance, precompiles, data availability layers and more.
To date, over 50 blockchains are operating in the Arbitrum Orbit ecosystem, taking advantage of the customizable offering to fit the precise needs of their project and community.
About defi.money
WELCOME TO THE NEW DIGITAL ERA OF $MONEY
