Moremoney USD

Moremoney USD (MONEY), classified as an Avalanche-based stablecoin, runs natively on the Avalanche C-Chain. The protocol anchors its value not on fiat reserves but on a collateral pool of diversified decentralized assets.

The system solves a specific friction in decentralized finance: capital locked inside liquidity provider tokens typically sits idle, unable to be redeployed. Moremoney lets users deposit interest-bearing LP tokens—from venues like Trader Joe and Pangolin—alongside volatile assets like AVAX, ETH, WBTC, and QI, and mint the MONEY stablecoin against that collateral. While the collateral continues earning swap fees and farm incentives, the borrower obtains a liquid asset they can push into other yield opportunities or simply hold as a hedge.

Moremoney USD operates on the Avalanche C-Chain network. This choice tethers the protocol to a high-throughput, low-finality environment compatible with the Ethereum Virtual Machine, ensuring that the entire minting and liquidation infrastructure executes inside a widely adopted execution layer.

The MONEY token itself is an ERC-20 contract on that chain, visible under the address 0x0f577433bf… across Snowtrace and other explorers. Its smart contracts convert popular deposit assets into interest-bearing tokenized representations, or ibTKNs, which internalize the yield accrual. The collateral basket is not static; it actively weights exposure across AVAX, JOE, ETH, QI, and incentivised LP positions from two of Avalanche’s primary decentralized exchanges, creating a resilient backbone that rebalances through user interactions.

No named founders appear in the protocol’s public documentation. A technical whitepaper outlining the mechanism, version 0.2.1, sits on GitHub alongside the open-source codebase, yet the development trajectory is driven by a pseudonymous collective coordinating across Twitter and Telegram channels. The project emerged without a token pre-sale or centralized fundraise, aligning its release cadence with the organic growth phase of the Avalanche DeFi ecosystem.

At a conceptual level, Moremoney pursues censorship-resistant borrowing divorced from legacy banking rails. By backing a stablecoin with a basket of on-chain, yield-generating assets instead of custodial USD accounts, the protocol attempts to strip away single-point-of-failure risk and offer a self-sovereign minting path that remains functional even if a particular collateral asset faces a temporary dislocation.

Mechanically, the MONEY token functions as the loan. A user deposits eligible collateral into a vault contract, which calculates a health factor, then permits the withdrawal of freshly minted MONEY up to a defined loan-to-value ratio. To reclaim the locked collateral, the borrower must repay the exact MONEY debt plus any accrued interest, at which point the smart contract burns the returned stablecoin. The protocol does not issue a separate governance token; MONEY itself represents the obligation and the unit of account.

Validators and liquidity providers do not interact with MONEY directly in a staking capacity. Instead, holders of yield-bearing assets use the token as a credit line: an AVAX-JOE LP token deposited into Moremoney generates both DEX fee revenue and the borrowed MONEY, which can then be cycled into additional LP pairs or lending markets for layered returns. Liquidators monitoring under-collateralized positions seize collateral and repay outstanding MONEY, profiting from liquidation bonuses. The stablecoin changes hands on the 11 active trading pairs listed, though current on-chain volume remains minimal.

Moremoney USD has a maximum supply of 10,000,000 tokens. Currently, 0 are in circulation. With a market capitalization of $0, Moremoney USD ranks #6,225 among all cryptocurrencies.