Proposal initiated by JFSaine, temperature check recorded 38 in favor and 1 against.

Summary:

This proposal is for adding a MONEY-USDC LB market. MONEY is an overcollateralized stablecoin issued by Moremoney.

High Level:

Protocol Overview

• Moremoney is an overcollateralized borrowing protocol which accepts a variety of tokens and issues loans denominated in the MONEY stablecoin. • Moremoney allows users to retain control and flexibility over their collateral deposits, with the ability to move funds to a variety of strategies, without having to modify the initial MONEY loans.

Token Overview

• MONEY has a unique architecture designed for ultra-stability - which has been demonstrated since inception. This architecture includes features such as: overcollateralization, forced-redemption capacity, variable interest rate defense, and interest-bearing for stakers. • MONEY is the first interest-bearing stablecoin on the Avalanche blockchain.

Ideal Market

Stablecoins are an integral feature of DeFi, and MONEY is one of the leading overcollateralized stablecoins on Avalanche.

Specifications:

Market: Avalanche Token Name: MONEY Associated Protocol: Moremoney Finance Protocol Website: https://moremoney.finance/ Coingekko: https://www.coingecko.com/en/coins/moremoney-usd Token Contract: https://snowtrace.io/address/0x0f577433Bf59560Ef2a79c124E9Ff99fCa258948 Tokenomics: https://moremoney.gitbook.io/docs/how%20cdp%20earnings%20are%20used/money