Based on the tweets, Arbitrum customers can now entry Zero-Liquidation loans from MYSO Finance. The transfer falls according to MYSO’s makes an attempt to increase its Layer 2 growth. The DeFi group has been asking concerning the protocol to execute this launch for some time.
Now that MYSO is stay on the testnet, customers can entry the wETH / USDC pool. The pool is accessible on testnet.myso.finance, and each Arbitrum person can leverage it. The DeFi protocol even requested customers for extra suggestions in regard to tokens that have to be added.
These tokens shall be made out there for borrowing and collateral functions. Any DAO or undertaking member on Arbitrum can counsel new use instances for the platform. If every thing goes nicely, MYSO is ready to launch the Zero-Liquidation Loans on the mainnet as nicely.
Ever since its official launch on Ethereum mainnet, MYSO has been allotting new updates. The platform was audited by ChainSecurity again in October 2022, solely months after the platform gained the ETHOnline Hackathon.
Names like Huobi, Superior Blockchain AG, GSR, Nexo, and so forth., are backing the DeFi protocol. A significant cause behind this help is MYSO’s distinctive worth proposition. The platform is attempting to construct a fixed-interest, oracle-free, and liquidation-free borrowing answer.
Regardless of launching its mainnet on January tenth, MYSO was fast to launch v1.1 with improved effectivity and a brand new pool, RPL / USDC. It didn’t take lengthy for the protocol so as to add the RPL / rRTH pool. Seeing how the protocol has been addressing person calls for, it’s establishing a loyal person base.
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