The time has finally come, and a new era of $MONEY has begun...Defi.money is now live to the public! You can go mint $MONEY and start earning here 👇
The Backstory
Throughout history, money has evolved, adapting to new technologies and redefining how we transfer value. Today, defi.money pushes the boundaries once again, creating money that is open, dynamic, and borderless—enabling seamless value transfer across chains. Starting with Arbitrum and Optimism, and more L2s coming soon. We’re paving the way for the next wave of users, all while prioritizing decentralization, security, and scalability.
Say “GMoney” to the future of decentralized value transfer with $MONEY. Explore defi.money today: https://defi.money
Protocol Attributes
Now live, defi.money builds on the core innovations of crvUSD, such as LLAMMA’s soft liquidations, and introduces several new features and optimisations tailored for Layer 2s. These advancements enable the protocol to focus on long-tail assets, unlocking untapped liquidity and amplifying the Curve flywheel alongside $crvUSD.
Defi.money is a licensed refactor of crvUSD, designed to be cross-chain from day one and optimized for life on Layer 2. Our unique architecture allows defi.money to focus on long-tail assets, working hand-in-hand alongside $crvUSD to enable untapped liquidity and drive the Curve flywheel.
Broader Collateral | Support for a wide range of collateral types, including exotic and long-tail assets, allows defi.money to unlock liquidity from underutilized markets and scale rapidly.
Simplified UX | The protocol offers an intuitive, user-friendly interface that simplifies complex actions like leveraging and borrowing, ensuring users—whether new or experienced—can interact effortlessly.
Improved LLAMMA | With the speed of Layer 2, LLAMMA automatically rebalances collateral, enhancing the protocol’s stability and minimizing the risk of full liquidation during volatile market conditions.
Natively Cross-Chain | The protocol is inherently interoperable with any EVM; users can move $MONEY and lock weight tokens on any chain.... #chainwars are here.
Increased Utility | Minting and repayment, along with monetary policy, provide greater fee capture for the protocol.
Built for Layer 2 | Defi.money is part of a new breed of decentralized finance applications, purpose-built to utilize the advantages offered by Ethereum Layer 2's and related scaling solutions. Reduced gas costs and faster confirmation times allow us to accept lower-liquidity collaterals that would be unsuitable for Ethereum Layer 1.
Designed to Grow | Defi.money's architecture is one with a focus on scaling. Integration with new chains is a straightforward and painless process. Wherever there is liquidity, we will follow.
Volatility Protection | Under the hood, defi.money is driven by the same groundbreaking algorithms that power $crvUSD. We call it Automated Loan Protection and it allows users to mint $MONEY and sleep well knowing that their positions are protected from liquidation in the event of a sudden market downturn. In Math we trust.
Technical Advancements
Infinite Interest Rate Queries | Thanks to gas optimization and decoupling interest rate logic, the protocol can scale indefinitely by supporting any number of collateral types without incurring significant gas costs.
Longtail Assets & Arbitrage Incentives | One of the most exciting features is the ability to support less liquid, more exotic asset types as collateral. The key items here is arbitrage; by reducing the cost of transactions, defi.money allows arbitrage traders to execute profitable trades more frequently and at smaller scales, ultimately stabilizing the protocol and improving liquidity for all users. Learn more here, if curious.
Efficient Long-tail Oracles | High gas fees on the Ethereum mainnet can make constant price updates VERY expensive and result in increased latency that reduces an oracle's performance. Leveraging the efficiencies of L2s and gas optimisations made to defi.money, the protocol now supports an exponential moving average (EMA) from Chainlink feeds. This ensures a more stable and price manipulation resistant feed (for all assets Chainlink supports), resulting in less costs for stakeholders and more collateral options!
Chain-Abstraction | The protocol is deployed natively on every chain, in comparison to only being able to mint assets on one chain, and bridging over. It's dead simple to plug in more chains in a matter of minutes but most of the nifty cross-chain stuff comes once we have a TGE and the infamous “chain wars” begins… More on this soon anon. A chain agnostic protocol, provides the foundation for a UX that abstracts the concepts of chains all together.
Native Flash Loans & Zaps | Flashloans are the core functionality needed to support features such as easily looping and leveraging your collateral, which is why they are inherent in defi.money. Together with a very flexible zap system we’ve built, it allows for major UX improvements, like one-click leverage and looping. Along with other use-cases we haven’t thought of yet!
We can even support zaps that let 3rd parties manage accounts for users, providing a whole other level of automation = boundless extendability potential.Market Hooks & Autonomous On-chain Actions | Hooks are a really powerful way for the protocol to extend functionality in arbitrary ways. They can for example be used to add an extra fee if users don’t stake anything in the protocol, and give that extra fee as a rebate to someone else who is staking. Hooks can even be used for analytics purposes such as automatically aggregating market data, to calculate values needed to distribute users revenue based on their positions. In summary, hooks provide a flexible system that has true autonomy based on on-chain actions - the possibilities are profound.
Overall Increase in Protocol Safety | By virtue of advancements in hooks and gas optimization we also have a more secure protocol that is tailored to the challenges of Layer 2s. Some highlights include:
Sequencer Protection = L2 downtime protection
Reduced PegKeeper Timeframe = Smoother peg
Increased Number of PegKeepers = Smoother peg
Looking Forward
We have whole host of awesome features, chains and collateral types on the way so stay tunred and welcome to the era of $MONEY. Get started at: https://defi.money/
Upwards and onwards,
Team @defi.money
About‌ ‌defi.money
WELCOME TO THE NEW DIGITAL ERA OF $MONEY
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