Moonstake is pleased to announce that we’ve integrated our DeFi application partner, Muse Finance (shortened as Muse), into the Web Wallet to bring advanced DeFi connectivity to our platform. This means that directly through the Moonstake wallet interface, you can now participate in Muse’s current lockdrops and use the DeFi applications that Muse plans to implement in the future. This will be the first time in the world that Muse will be integrated. …
Muse Wrapper: this is the core function of Muse Finance as described in the technology part and the illustration is as below:
This is the bridge function between non-ERC 20 assets and Ethereum ecosystem, and by expanding beyond the bridge function, Muse Wrap, to unlock the liquidity of the ERC20 staked asset class, and jointly contribute to the better Ethereum ecosystem.
The above figure presents the high level architecture of the Muse.Wrap This design addresses the use case as aforementioned that allows users to to transform their ADA, the native token in the Cardano network, into mADA, an…
Muse Finance (Muse) will conduct its 2nd Lockfrop from July 14th to August 23rd, 2021. The 1st Lockdrop has been organised since June 15th and it has been a huge volume of TVLs with an exceptional hike in a last couple of days.
Because of the trend where a great deal of anticipation has been seen toward the end of the 1st Lockdrop period, Muse has updated its 2nd Lockdrop plan and decided to commence the 2nd Lockdrop soon after the 1st one finishes.
Cross-chain data exchange is the problem to transfer data from one blockchain (source chain) to another blockchain (target chain). Source chain and target chain could be based on either the same platform (e.g., blockchains that are forked from the Ethereum repository are considered the same platform), or completely different platforms (e.g., Bitcoin and Ethereum).
Among popular names in the cross-chain projects, Cosmos and Polkadot are the two representatives. Cosmos aims to provide SDK to quickly develop blockchains by composing common components (e.g., consensus component) and application-specific components. Since the core components are shared, Cosmos SDK-based blockchains could be…
Swapping non-ERC20 to ERC20 (e.g. BTC and wBTC) is not something new, but has been done by many existing projects in the Ethereum Defi ecosystem. The Muse Finance is bringing more value than just a wrapping service. For the sake of clarity, the rest of this document will explain the Muse ecosystem in the particular case of ADA stakeholders.
The diagram below illustrates the ecosystem of the Muse Finance, in which stakeholders could maximize their profits from their crypto assets.
Muse Finance will link non ERC-20 assets with ERC-20 ecosystem, allowing the owners of staked assets on platforms such as Cosmos, IRISnet, Cardano, etc. to participate in lending, liquidity mining, yield farming which will also benefit staking service providers for generating more revenue lines.
Muse Finance is planning to issue a liquidity token called mToken (originated by Muse Finance) to construct a pool with DEX which will allow the users to get the yield generating assets like mATOM, mADA, mIRIS, etc. carrying unit value and able to yield farming with the Muse Finance platform.
In order to accomplish this, we…
In January, 2021, Moonstake officially announced its entry to the DeFi sector. Today, with over 1 billion USD in total staking assets, Moonstake is the top 5 biggest staking provider in the world. In 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…
Muse Finance is Decentralised Finance Platform where staking users can receive staking rewards and benefits through wrapper, swap and lending simultaneously.