UniLend Finance & Mobius Finance Collaboration

UniLend Finance collaboration with Mobius Finance will enable UFT token HODLers to mint moUSD using UFT as collateral. UniLend is proud to be the first project to support Mobius Finance “Collateralize Everything” campaign.

This partnership will be mutually beneficial to both parties as:

• Once integrated onto Mobius Finance, the protocol will allow users to trade multiple assets (including Stocks, ETFs, and Forex Markets) with zero slippage.
• moUSD will be integrated into UniLend Finance Omnis after launch, allowing borrowing and lending of the stablecoin.
• No fees are charged by the platform for both minting and burning (borrowing and paying back your debt)

The moUSD token is a stablecoin issued through Mobius Finance, all moUSD in circulation are minted against collateral in order to maintain its 1–1 dollar peg.

ABOUT UniLend Finance
UniLend is building a permissionless! DeFi Base Layer for Lending, Borrowing, Flash Loans, Tokenization of Money Market positions.

ABOUT Mobius Finance
Mobius Finance is the first multi-collateral synthetic platform on Polygon that can create and trade any asset, including off-chain stocks, ETFs, and commodities; powered by our risk control algorithm, we allow users to trade any asset with zero-slippage and low fees.

RESOURCES
Medium

Source: https://thebittimes.com/unilend-finance-mobius-finance-collaboration-tbt9703.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: DeFI News

Post by: TheBitTimes.com