Moonstake Enters the DeFi market together with Muse Finanace

SINGAPORE, Mar 31, 2021 – (ACN Newswire) – Today, Moonstake is proud to announce the entry into the DeFi market together with Muse.Finance.
Moonstake Enters the DeFi market together with Muse Finanace 1

The Staking and DeFi Boom in 2020, Top Staking Provider Moonstake Joins The DeFi Space

In January, 2021, Moonstake officially announced its entry into the DeFi sector. Today, with over 800 million USD in total staking assets, Moonstake is the top 8 biggest staking provider in the world. In less than one year since launch, Moonstake achieved rapid growth in both product development and strong positioning in the market. Moving towards the DeFi sector, Moonstake welcomes applications from DeFi products looking to connect to its powerful staking network.

Though the concept was almost unknown back in 2019, the decentralized finance (DeFi) ecosystem has experienced explosive growth in 2020. According to DeFi Pulse, while it took almost two years for DeFi deposits to reach USD 1 Billion in Total Locked Value (TVL) as of Q4 2019, it took less than six months (March to July 2020) for DeFi TVL to spike from ~USD 550 million to ~USD 4 billion (~727% increase). Today, the DeFi TVL sits at $42.6 billion.

As of 29 March 2021, the market cap of all Proof-of-Stake (PoS) protocols is $450 billion and the total value locked in staking is $127.66 billion. In August 2020 when interest in DeFi was rapidly increasing, it was forecasted it should take from 3 to 5 years for the value of staked assets to surpass $100 billion due to increasing adoption of PoS grows, but it was achieved within only a year.

What is Muse.Finance and How Does It Fit into The Moonstake Ecosystem?

Muse.Finance is a Decentralized Platform where crypto users can receive staking rewards while gaining interests of lending through wrapped assets, and at the same time participating in the yield farming. Its ecosystem, which consists of Muse Swap, Muse Lending, and Muse Wrap, enables a liquid PoS platform that integrates the ERC-20 DeFi Ecosystem with Ethereum 2.0, starting from Cardano and expanding to Polkadot, Solana, Oasis, Terra, Centrality, and more using advanced cross-chain technology.

Muse.Finance initially links non ERC-20 assets with the ERC-20 ecosystem, allowing owners of staked assets on platforms such as Cosmos, IRISnet, Cardano, etc. to participate in lending, liquidity mining, and yield farming, which eventually enables connecting other chains. The platform will also be highly scalable thanks to being linked to the staking pools operated by Moonstake. Having completed its PoC, Muse.Finance currently has a working MVP and along with its Roadmap, wrapper and swapping will be launched in May 2021, and the yield farming and the lending functionality will be added within this year. The concept paper of Muse.Finance is available here ( https://muses.finance/assets/file/Concept%20_Paper_Ver.%201.0.pdf ).

Muse.Finance is a project by Shogo Ishida, the Senior Advisor of Moonstake. He is also known as former CEO of QRC, the esteemed blockchain and RegTech firm that sponsored the world’s first Security Token Specification provides for the technical specification and cross-blockchain publication of security tokens, covering tokens issued on any distributed ledger system, independently facilitated and published by BSI, the UK National Standards Body.

Shogo Ishida, the Founder of Muse.Finance says: “Lending, liquidity mining, and yield farming are all high-demand applications of DeFi today. Muse.Finance has been developed to enable the community access to these valuable DeFi services within a robust ecosystem with world-class scalability thanks to integration with the Moonstake staking pools as official partners. After much hard work, we’re excited to finally show you the value of Muse.Finance this year. Please look forward to Muse.Finance’s major roadmap developments throughout this year.”

Mitsuru Tezuka, Founder of Moonstake says: “Moonstake is entering the DeFi market with Muse DeFi to facilitate and expand access to DeFi by working to resolve staking illiquidity. We will also be widely accepting applications from DeFi products that wish to connect to the Moonstake platform. As one of the top 10 global staking providers trusted by investors and wallet users across the globe, Moonstake’s connection with DeFi through Muse.finance will support the development and dissemination of high-quality DeFi products through our powerful network.”

Looking Ahead

The launch of Muse.Finance marks Moonstake’s first entry to the DeFi market with a unique cross-chain platform that enables people to participate in valuable applications of DeFi including lending, liquidity mining, and yield farming.

Muse.Finance will launch its first products in May, Wrapper, and Swapping. Then, it will gradually reinforce its DeFi platform with Lending Platform and Yield Farming within this year. The roadmap is available here ( https://muses.finance/assets/file/Muse.Finance.pdf ).

Learn more about Muse.Finance here: https://muses.finance

About Muse.Finance

Muse.Finance is a Decentralized Platform where crypto users can receive staking rewards as well as participate in wrapping, swapping, lending, and yield farming to gain benefit. Its ecosystem, which consists of Muse Swap, Muse Lending, and Muse Wrap, enables a liquid PoS platform that integrates the ERC-20 DeFi Ecosystem with Ethereum 2.0, starting from Cardano and expanding to Polkadot, Solana, Oasis, Terra, Centrality, and more using advanced cross-chain technology. Muse.Finance also links non ERC-20 assets with the ERC-20 ecosystem, allowing owners of staked assets on platforms such as Cosmos, IRISnet, Cardano, etc. to participate in lending, liquidity mining, and yield farming. https://muses.finance

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto-asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia’s burgeoning Distributed Ledger Technology (DLT) ecosystem. The partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan’s biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore-listed company. Industry’s reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake’s innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 800 Million. https://www.moonstake.io/

Topic: Press release summary
Source: Moonstake

Sectors: FX & Digital CurrenciesFinTech & Blockchain Moonstake Enters the DeFi market together with Muse Finanace 2
https://www.acnnewswire.com

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 61,507.00
ethereum
Ethereum (ETH) $ 4,147.65
binance-coin
Binance Coin (BNB) $ 486.55
tether
Tether (USDT) $ 1.01
cardano
Cardano (ADA) $ 2.17
solana
Solana (SOL) $ 196.17
xrp
XRP (XRP) $ 1.09
polkadot
Polkadot (DOT) $ 43.94
dogecoin
Dogecoin (DOGE) $ 0.252026
usd-coin
USD Coin (USDC) $ 1.01
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 61,507.00
ethereumEthereum (ETH)
$ 4,147.65
tetherTether (USDT)
$ 1.01
bitcoin-cashBitcoin Cash (BCH)
$ 629.09
litecoinLitecoin (LTC)
$ 198.58
bitcoinBitcoin (BTC)
52.820,67
ethereumEthereum (ETH)
3.561,90
tetherTether (USDT)
0,867363
bitcoin-cashBitcoin Cash (BCH)
540,25
litecoinLitecoin (LTC)
170,54
bitcoinBitcoin (BTC)
44,634.09
ethereumEthereum (ETH)
3,009.85
tetherTether (USDT)
0.732932
bitcoin-cashBitcoin Cash (BCH)
456.51
litecoinLitecoin (LTC)
144.10

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021

Blockchain/Cryptocurrency Questions and Answers

ICo Presale
The Science Behind ICO Presales…
October 14, 2021
Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin61,250 0.08 % 0.32 % 0.14 %
Ethereum4,115.7 0.35 % 2.38 % 6.78 %
Binance Coin485.38 0.66 % 0.98 % 3.76 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Cardano2.150 0.00 % 0.52 % 1.74 %
Solana195.21 0.64 % 2.84 % 23.34 %
XRP1.090 0.61 % 0.58 % 4.70 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2509 0.71 % 2.13 % 5.19 %
USD Coin1.000 0.14 % 0.20 % 0.17 %

bitcoin
Bitcoin (BTC) $ 61,507.00
ethereum
Ethereum (ETH) $ 4,147.65
binance-coin
Binance Coin (BNB) $ 486.55
tether
Tether (USDT) $ 1.01
cardano
Cardano (ADA) $ 2.17
solana
Solana (SOL) $ 196.17
xrp
XRP (XRP) $ 1.09
polkadot
Polkadot (DOT) $ 43.94
dogecoin
Dogecoin (DOGE) $ 0.252026
usd-coin
USD Coin (USDC) $ 1.01