MYSO lately introduced going dwell on the Arbitrum Goerli Testnet. The DeFi protocol launched a string of tweets on its official channel in regards to the launch.
In accordance with the tweets, Arbitrum customers can now entry Zero-Liquidation loans from MYSO Finance. The transfer falls in keeping with 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 dwell on the testnet, customers can entry the wETH / USDC pool. The pool is offered 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 will probably be made out there for borrowing and collateral functions. Any DAO or mission member on Arbitrum can counsel new use instances for the platform. If every little thing goes properly, MYSO is about to launch the Zero-Liquidation Loans on the mainnet as properly.
Ever since its official launch on Ethereum mainnet, MYSO has been allotting 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 cause behind this help is MYSO’s distinctive worth proposition. The platform is making an attempt to construct a fixed-interest, oracle-free, and liquidation-free borrowing answer.
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.