Mean Finance announces new bonds to bolster liquidity held by protocol

Alexandria, Va.–(Newsfile Corp. – May 12, 2022) – Average financea decentralized autonomous organization (DAO) working to bring crypto and decentralized finance (DeFi) to traditional banking workflows, announces a new bond system that will allow the protocol to buy its own liquidity.

Mean Finance, listed on CoinMarketCap as MeanFi, uses Socean Streams to purchase a 14-day staked MEAN (sMEAN) unblocking stream (b14sMEAN). This allows long-term buyers to purchase MEAN staked at a discount and gives Mean Finance the ability to own and control its liquidity.

“This is an important milestone for Mean Finance,” said MeanFi CEO Michel Triana. “By using Socean Streams, Mean Finance can not only reduce the cost of buying liquidity, but also attract long-term investors and exclude short-term traders.”

Triana adds that the new system will help control token supply inflation by distributing linked tokens instead of regular ones. This will reduce the rate at which MeanFi’s governance token swells, creating a healthier environment for the protocol’s price action.

“Our mission is to create positive-sum DeFi products,” Triana said. “It’s a great example and so it’s something we’re very proud to build. Buyers and protocols benefit here. Buyers can invest in their favorite protocols at a discount, and protocols enjoy many benefits : they can control their own liquidity, reduce token supply inflation and attract long-term investors.”

Socean Streams is a product that allows protocols to buy their liquidity. It is available for any protocol that wishes to use it, and Mean Finance is one of the first protocols to do so.

What is MeanFinance?

Mean Finance, calling itself “a self-custody, permissionless, trustless bank”, is a DeFi protocol built on the Solana blockchain, allowing users to earn interest on their digital assets.

Mean Finance says it brings traditional banking workflows to the crypto world, allowing users to do things like open savings accounts, take out loans, earn interest on their digital assets, and even pay bills. recurring with cryptocurrency.

“MeanFi does to money what Spotify did to music and what Uber did to taxis,” says Triana. “With MeanFi, you are the bank. Your data belongs to you. No one can tell you what to do with your money. You are in control.”

Since launching in December 2021, MeanFi has been available on major centralized and decentralized exchanges such as Gate.io, MEXC, and BitMart, according to CoinMarketCap. Its diluted market cap is currently over $70 million.

Mean Finance claims that its users can easily and securely create and manage international accounts with multiple assets, as well as access a variety of capital products such as deep liquidity markets and a decentralized exchange.

In addition to traditional banking services, MeanFi says it also offers unique features for DAOs, projects and organizations, such as asset and risk management tools such as multi-signature (multisig) wallets, cash, payments and collections. With its on-ramp and off-ramp integration, users can purchase digital assets directly with a regular debit card in minutes.

“MeanFi is the first platform of its kind to offer such a comprehensive suite of features for individuals and organizations,” Imani said. “We believe MeanFi has the potential to revolutionize the way individuals and businesses manage their finances.”

To learn more about MeanFi, visit: https://www.meanfi.com/ or follow him on social media.

press contact
Moe Iman
Marketing and public relations
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/123800

Comments are closed.