More Token Price(MORE)

More Token is primarily designed as a lending protocol that facilitates the creation of interest-free collateralized debt positions (CDPs). At its core, the project allows borrowers to leverage liquidity pool tokens, interest-bearing tokens (ibTKNs), and various other major cryptocurrencies as collateral.

Borrowers can mint a stablecoin called MONEY, which is pegged to the US dollar and is underpinned by an over-collateralized debt position. What sets More Token apart is its ability to support interest-free leveraging of assets, thereby enabling users to engage in farming activities for $MORE tokens. This unique structure provides significant utility for participants within the DeFi landscape, allowing them to effectively harness their assets without incurring traditional debt-related costs.