bons
Friday, March 29, 2024
7bit top banner
You Are Here: Coinworldstory » Coinworldstory Latest Article » CryptoCurrencies » What Is Moneta (MON)? Complete Guide & Review About Moneta

What Is Moneta (MON)? Complete Guide & Review About Moneta

by Cws Team
Published: Last Updated on
A+A-
Reset
What Is Moneta (MON)? Complete Guide & Review About Moneta

What Is Moneta (MON)?

Moneta is the revenue-sharing Token of the DeFi Franc Protocol. The DeFi Franc Protocol allows drawing loans against ETH and wBTC with 0% interest. The protocol offers capital efficient borrowing thanks to a minimum collateral ratio of 110%. The 0.5% Borrow and Redemption Fee goes to the Staker of MON (Moneta).

The Defi Franc (in short DCHF) is an overcollateralized stablecoin pegged to the value of one Swiss Franc. The DeFi Franc Protocol is a further developed version and friendly fork of the Liquity protocol and their stablecoin LUSD. In comparison, the DCHF is pegged to the value of one Swiss Franc (CHF) instead of the USD, allows for more collateral types and is designed to support native leverage on crypto-assets and LP Tokens.

There are two ways on how to receive the Moneta token: – Receive MON for staking DCHF into the Stability Pool. – Receive MON for providing Liquidity into the DCHF-3crv Liquidity Pool on Curve. There is only one thing you can do with the MON token: Stake it in the Staking Pool and profit from the revenues the DeFi Franc Protocol is generating through taking the borrowing and redemption fee.

Moneta Storage Key Points

Coin BasicInformation
Coin NameMoneta
Short NameMON
Total Supply114,855,860
Max SupplyN/A
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

ReDEFIning Stability.

The DeFi Franc (DCHF) is a decentralized stablecoin, pegged to the Swiss Franc – The most secure, trusted and stable fiat currency in the world. The DeFi Franc is over-collateralized and is created through loans which are backed by ETH.

For who?

For Individuals

Use the DCHF to diversify your portfolio with the Swiss Franc stablecoins or use the ecosystem to borrow against your ETH the right way.

A stablecoin built for DeFi

There are endless possibilities using the DCHF now and the team is constantly looking for new ways to improve the ecosystem by adding more features which give you the opportunity to earn the best yields

For Developers

Use the endless possibilities the DCHF ecosystem brings by implementing the DCHF into your dapp.

For Exchanges

Exchanges use the DCHF to process trades and give users the opportunity to get out of volatile assets and into a stablecoin pegged to the Swiss Franc.

Moneta Tokenomics

Overview

  • Token Name: Moneta
  • Token Ticker: $MON
  • Contract: 0x1ea48b9965bb5086f3b468e50ed93888a661fc17
  • Max-Supply: 100.000.000

Receive

There are two ways on how to receive the MONETA token: Receive $MON tokens for staking DCHF into the stability pool. Receive $MON tokens for providing Liquidity into the DCHF Curve pool.

Use Case

There is only one thing you can do with the $MON token: Stake it in the Staking Pool and profit from the revenues the Moneta protocol is generating through taking the borrowing and redemption fee.

Why DCHF?

In times of uncertainty people have always been trusting the Swiss Franc more than other currencies which is also the case right now. In 2022 the US-Inflation reached double-digits while Switzerland kept theirs at 2.8%. This is due to Switzerland’s neutrality, financial stability through its own central bank and a strong economy which isn’t affected as much by outside happenings.

DCHF Benefits

Low Collateral Rate

Borrow with a collateral rate of only 110%. This makes the DCHF ecosystem one of the most capital efficient ways of borrowing money.

Over-Collateralization

Be sure there is always a way for you to convert your DCHF back to ETH no matter what happens to the market.

Decentralization

The DCHF Ecosystem is fully decentralized and non custodial which makes it easy to use for users and developers all over the world.

Low Fees on Loans

Say goodbye to varying interest rates and hello to a one-time fee of 0.5% on the DCHF you borrow. Make your DeFi income plannable.

In-house Yield

Don’t leave the platform and earn through the DCHF Stability Pool which pays out returns in ETH and more DCHF. The easiest way to earn on your DCHF.

Security

Benefit from two types of Security. Top Audited Smart Contracts and being pegged to the strongest currency in the world.

You may also like

coinworldstory logo

Coinworldstory Provide Crypto Review Including – Blockchain , Bitcoin , DEFI All About NFT &, Gaming , Cloud Mining ,Exchange , ICO, Ai , Crypto News All In One Place 

nexo 300x250

All Right Reserved. Designed and Developed by CWS TEAM 

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More