MYSO not too long ago introduced going reside on the Arbitrum Goerli Testnet. The DeFi protocol launched a string of tweets on its official channel in regards to the launch.
In line with the tweets, Arbitrum customers can now entry Zero-Liquidation loans from MYSO Finance. The transfer falls according to MYSO’s makes an attempt to broaden its Layer 2 growth. The DeFi neighborhood has been asking in regards to the protocol to execute this launch for some time.
Now that MYSO is reside on the testnet, customers can entry the wETH / USDC pool. The pool is out there on testnet.myso.finance, and each Arbitrum person can leverage it. The DeFi protocol even requested customers for extra suggestions in regard to tokens that must be added.
These tokens will probably be made accessible for borrowing and collateral functions. Any DAO or undertaking member on Arbitrum can recommend new use instances for the platform. If every thing goes nicely, MYSO is ready to launch the Zero-Liquidation Loans on the mainnet as nicely.
Ever since its official launch on Ethereum mainnet, MYSO has been shelling out new updates. The platform was audited by ChainSecurity again in October 2022, solely months after the platform gained the ETHOnline Hackathon.
Names like Huobi, Superior Blockchain AG, GSR, Nexo, and so on., are backing the DeFi protocol. A serious cause behind this help is MYSO’s distinctive worth proposition. The platform is attempting to construct a fixed-interest, oracle-free, and liquidation-free borrowing resolution.
Regardless of launching its mainnet on January tenth, MYSO was fast to launch v1.1 with improved effectivity and a brand new pool, RPL / USDC. It didn’t take lengthy for the protocol so as to add the RPL / rRTH pool. Seeing how the protocol has been addressing person calls for, it’s establishing a loyal person base.