MYSO lately introduced going stay on the Arbitrum Goerli Testnet. The DeFi protocol launched a string of tweets on its official channel concerning the launch.
In accordance with the tweets, Arbitrum customers can now entry Zero-Liquidation loans from MYSO Finance. The transfer falls consistent with MYSO’s makes an attempt to develop its Layer 2 growth. The DeFi neighborhood has been asking concerning the protocol to execute this launch for some time.
Now that MYSO is stay on the testnet, customers can entry the wETH / USDC pool. The pool is obtainable 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 have to be added.
These tokens can be made obtainable for borrowing and collateral functions. Any DAO or venture member on Arbitrum can recommend new use instances for the platform. If the whole lot goes nicely, MYSO is about to launch the Zero-Liquidation Loans on the mainnet as nicely.
Ever since its official launch on Ethereum mainnet, MYSO has been dispensing new updates. The platform was audited by ChainSecurity again in October 2022, solely months after the platform received the ETHOnline Hackathon.
Names like Huobi, Superior Blockchain AG, GSR, Nexo, and so on., are backing the DeFi protocol. A serious purpose behind this assist 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.