Monsoon Finance

Monsoon Financemcash

Price chart

Powered by CoinGecko

Genesis Date

N/A

Market Rank

#

Based on Market Cap

What is Monsoon Finance

Monsoon Finance is a multichain privacy protocol building a suite of privacy services for DeFi users on every smart contracts blockchain. Monsoon uses zk-SNARKs to break the link between cross-chain and wallet-to-wallet transactions.

Monsoon is building three privacy services: a wallet-to-wallet privacy tool, a multi-chain privacy bridge, and a multi-chain privacy DEX. The wallet-to-wallet privacy tool is a fork of Tornado Cash that supports multiple different EVM blockchains (including BSC, Polygon, Avalanche, Moonbeam, Acala, etc) with a built-in protocol fee.

The multi-chain decentralized privacy bridge will allow users to move assets across any blockchain in a completely private and decentralized way. Monsoon nodes will stake MCASH to validate cross-chain transactions, but these transactions use zk-SNARKS to prevent nodes or any onlookers from linking deposits to withdrawals. A majority consensus amongst staking nodes must be achieved for transactions to be processed, meaning the process is both decentralized and private.

Monsoon Finance vs Stoic

It's almost impossible to predict which cryptocurrency will eventually emerge as the leader.

There is no guarantee that In 5 years, MCASH would still even exist. Another faster and cheaper blockchain might capture the majority of developers, users, and capital. Or some critical failure of MCASH might derail its progress.

Because the probability of guessing the winner is low, it's better to use a portfolio approach and buy all possible contenders, including MCASH.

Stoic builds a portfolio by using hedge fund-grade quantitative research and AI to build a portfolio of crypto assets.

The algorithm analyzes price data, returns, volatility, correlations, and other factors to identify coins that are likely to go up. It then rebalances the portfolio daily to cut losses early and take profits regularly. Stoic is a great alternative to researching coins and trading manually.

Over 12,000 people already use Stoic to automate their crypto investing.

Other cryptocurrencies