Crypto.com Capital, a enterprise arm for Crypto.com, is making a strategic funding in Moonlander, a decentralized everlasting alternate based mostly on Cronos EVM and Zkevm, in response to a report shared with Finbold on September 22.
Moonlander goals to increase entry to chain transactions on excessive leverage, providing as much as 1000 instances leverage, while consolidating the alternatives for passive yields for liquidity suppliers.
By leveraging Cronos’ twin chain infrastructure, the platform combines scalability with low transaction prices to assist each skilled merchants and passive members.
Liquidity Fashions and Social First Design
On the coronary heart of Moonlander’s design is the Moonlander Ricisity Pool (MLP), a shared pool of property that act as a counterparty for all transactions.
The mannequin is designed to maximise capital effectivity and decrease dealer slippage, whereas liquidity suppliers obtain returns paid in different tokens from Cronos (CRO) and platform charges. Safety measures embrace real-time pricing provides from Pyth Oracles to forestall operations and irregular settlements.
Past Buying and selling Mechanics, Moonlander is constructing a “social-first” consumer expertise with token-specific chat rooms, real-time leaderboards, and a narrative-driven market associated to world occasions and web tradition.
“The Moonlander staff has demonstrated its excellent technical imaginative and prescient and skill to run with refined merchandise that we imagine may be the premise of Chronos’ defi ecosystem. We’re dedicated to offering the Moonlander staff with the sources and community they should attain their full potential.” stated Tommy Chan, head of Defi Funding at Crypto.com Capital.
This funding will assist Moonlander’s growth staff increasing, platform upgrades and new advertising and marketing initiatives to draw customers and liquidity. In keeping with the mission, Moonlander already has a complete locked worth (TVL) of $33 million and cumulative buying and selling quantity above $2 billion.
“We’re excited to companion with Crypto.com Capital, a staff that shares deep beliefs in the way forward for decentralized finance.” stated Athena, co-founder of Moonlander. “Constructing Chronos is a strategic alternative and supplies the right mix of safety, velocity and entry to a big, engaged group of customers. This funding is a robust supporter of our expertise and its mission to construct essentially the most capital and have wealthy derivatives platform.
Full Moon (FM), a local utility and governance token from Moonlander, was just lately listed on the Crypto.com app and made obtainable on a worldwide consumer base.
Particular pictures by way of ShutterStock.
