@BOMBERuss 18 July 2022 more from that month

The price of #Polygon (Matic) has increased by 27% due to the debut of #mStable on Polygon! mStable, a provider of high-yield #DeFi protocols, debuted on Polygon (formerly known as #Matic), offering Polygon users another source of liquidity in US dollars and #BTC, its own DeFi savings account and two minimized metastablecoin risks. This is accompanied by an updated commitment to help investors and traders "lower the price" of the popular #Ethereum blockchain network due to "sky-high gas prices". mStable made the announcement in its blog post, joining a growing list of DeFi protocols moving or debuting on the Layer2 network to avoid congestion. The Australian stablecoin project DeFi provides a protocol that combines stablecoins from several platforms and simplifies the issuance, preservation and #exchange of these coins in a reliable ecosystem. The project was developed to solve the problem of the separation of the stablecoin markets while simultaneously solving the problems of acceptance and accessibility that arose due to the fragmentation of these markets. The mStable ecosystem is managed by a token known as #Meta (MTA), which allows you to grow crops provided as an #EARN product. mStable also provides its own stablecoin, called #mUSD, and a zero-slip SWAP product, both respectively provided as #SAVE and #SWAP products. The transition of mStable to Polygon is reasonable, both services pursue similar goals, mStable unites fragmented stablecoin markets, and Polygon unites Ethereum-based networks. Three mStable functions are already available, which can be accessed on Polygon, the mUSD coin supported by the #DAI, #USDT and #USDC stablecoins; SWAP, which allows zero-cost switching between DAI, USDT and USDC; and SAVE, which has a profitable savings account called mSave.