May 21, 2022

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Money on Chain Ecosystem Turns Two, Here's What It Achieved So Far

2 min read

Money on Chain, an array of solutions designed to bring decentralized finance practices to Bitcoin (BTC) blockchain, turns two today. Since its inception, it has released BTC staking module, stablecoins and a liquidity mining program.

Source: u.today

Money on Chain celebrates two-year anniversary

Today, on Jan. 22, 2022, Money on Chain (MoC) protocol celebrates its second anniversary. During the last month, the ecosystem accomplished a number of impressive milestones on its way to integrating Bitcoins into DeFi.

As of early Q1, 2022, more than $50 million are locked into DeFis on Bitcoin; Money on Chain ecosystem is responsible for 50% of this massive amount.

Money on Chain (MoC) issued BPro token to allow Bitcoiners to rent their BTC positions, with free leverage, passive income and unparalelled flexibility.

Over recent months, BPro token outperformed the underlying asset (spot Bitcoin) by 25%, which makes it a viable hedge alternative for BTC holders. BPro holders can stake their assets to receive rBTC rewards periodically. A total of 0.25% of BPro revenue is transferred back to the Money on Chain (MoC) protocol.

25% APY on BTC: Unique offer for all Bitcoiners (BTC)

Also, MoC token, Money On Chain’s core native asset, can be staked with 12.43% rewards. In all, Bitcoin (BTC) holders can enjoy up to 25% APY on their stakes.

Max Carjuzaa, Money on Chain’s co-founder and contributor, is fascinated by the progress his products achieved and the prospects unlocked by its latest releases:

The past two years have demonstrated the robustness and outstanding performance of the model, even in the most averse market scenarios. What Money On Chain promised at launch has been successfully delivered and keeps growing.

Besides staking protocols and Bitcoin lending/borrowing model, MoC’s ecosystem of product includes RIF Dollar-on-Chain (RDOC), a USD-pegged stablecoin on Bitcoin.

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