2021-03-31 18:16:00

Moonstake Enters Into DeFi Market Together With Muse.Finance

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

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

In January, 2021,
Moonstake officially announced its entry to 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 a
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 an 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.
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/

© Scoop Media

 

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