Wemade's new collateral-backed DeFi service

[ad_1] <br><div> <ul type="disc"> <li>WCD (WEMIX Crypto Greenback) issuance service primarily based on collateral belongings</li> <li>Providing excessive usability and reliability as a method of change and retailer of worth between numerous belongings</li> <li>Elevated synergy with different DeFi companies supported on main multi-chains together with Wemix 3.0, Ethereum and Klaytn</li> </ul><p><span class="xn-location">SEOUL, South Korea</span>, <span class="xn-chron">March 3, 2023</span> /PRNewswire/ -- Wemade Co., Ltd. has introduced the upcoming launch of Kurrency, a brand new Defi (decentralized finance) service designed to supply better ease-of-use, transparency and reliability.</p>

<div class="col-sm-12 clearfix"> <figure> <div class="image lightbox-item " data-src="https://mma.prnewswire.com/media/2015318/Kurrency_Wemade_s_collateral_backed_DeFi_service.jpg?p=publish" data-asset-type="photo" data-asset-id="Life_After_Debt_Aug_17_Event.jpg" data-sub-html="Kurrency: Wemade’s new collateral-backed DeFi service" data-tweet-text="Kurrency: Wemade’s new collateral-backed DeFi service" data-facebook-share-text="Kurrency: Wemade’s new collateral-backed DeFi service" data-linkedin-text="Kurrency: Wemade’s new collateral-backed DeFi service" data-download-url="https://mma.prnewswire.com/media/2015318/Kurrency_Wemade_s_collateral_backed_DeFi_service.jpg?p=publish" data-pinterest-text="Kurrency: Wemade’s new collateral-backed DeFi service" data-twitter-share-url="https://mma.prnewswire.com/media/2015318/Kurrency_Wemade_s_collateral_backed_DeFi_service.jpg?p=publish" data-linkedin-share-url="https://mma.prnewswire.com/media/2015318/Kurrency_Wemade_s_collateral_backed_DeFi_service.jpg?p=publish" data-facebook-share-url="https://mma.prnewswire.com/media/2015318/Kurrency_Wemade_s_collateral_backed_DeFi_service.jpg?p=publish" data-pinterest-share-url="https://mma.prnewswire.com/media/2015318/Kurrency_Wemade_s_collateral_backed_DeFi_service.jpg?p=publish" onclick="omniture_corousal('Carousel Page','Photo Open','https://mma.prnewswire.com/media/2015318/Kurrency_Wemade_s_collateral_backed_DeFi_service.jpg','');"> <a target="_blank" href="#" class="tabfocus" role="button" rel="noopener"><img title="Kurrency: Wemade’s new collateral-backed DeFi service" data-getimg="https://mma.prnewswire.com/media/2015318/Kurrency_Wemade_s_collateral_backed_DeFi_service.jpg?w=600" id="imageid_2" alt="Kurrency: Wemade’s new collateral-backed DeFi service" class="gallery-thumb img-responsive" rel="newsImage" itemprop="contentUrl"/></a> <span class="fa fa-arrows-alt arrow_styles" aria-hidden="true"/> </div> <figcaption> Kurrency: Wemade’s new collateral-backed DeFi service </figcaption> </figure>

</div> </div> </div> </div> <p>Kurrency is a service that points cryptodollars by way of a collateralized debt place. Customers can entrust the digital belongings supported by the service as collateral and subject WCD (WEMIX Crypto Greenback). WCD is a cryptocurrency that minimizes worth fluctuations and is issued by way of the strategy wherein the worth of the deposited collateral is bigger than the entire quantity of 'excess-collateralized' loans issued. That is much like the method by which MakerDAO generates Dai, the world's first unbiased foreign money. By adopting this methodology, it'll play a complementary function with WEMIX Greenback, which is 100% USDC absolutely collateralized.</p>

<p>Kurrency has been designed for ease of use, with easy-to-understand phrases, intuitive on-screen interface and detailed tutorial movies that make it easy for even customers new to DeFi to get began.</p> <p>As well as, Kurrency presents key options that assure better transparency and reliability with out compromising safety. This features a dashboard the place you possibly can see the funding standing at a look, contract audits performed by respected skilled blockchain audit firms, and month-to-month service development experiences revealed in official social media channels. </p><p>Wemade desires to make WCD probably the most dependable and extensively used crypto greenback and foreign money service throughout main blockchains together with Klaytn, Ethereum and Wemix 3.0. WCD will organically join Wemade's KLEVA protocol, Wemade DeFi companies similar to DEX (scheduled to be launched throughout 1H 2023) and numerous different DeFi companies on multi-chains. This may improve the capital effectivity and interconnectivity between companies and produce stronger synergistic results inside the ecosystem. Kurrency not solely creates synergy between its companies by managing the collateral deposited by customers in KLEVA, but additionally has the perform of minimizing the person's charges in line with the working revenue .</p><p>Study extra about Kurrency: <u><a target="_blank" href="https://teaser.kurrency.io/" rel="nofollow noopener">https://teaser.kurrency.io/</a></u> </p><p><b>About Wemade</b></p><p>Wemade is main the development within the metaverse and blockchain fields (NFT, DeFi) with an emphasis on gaming at its core. Wemade is the developer and proprietor of "The Legend of Mir" IP, a extremely profitable recreation with over 500 Million customers. Its platform, WEMIX, is evolving into a world blockchain platform that may rework video games of each style into blockchain video games. <u><a target="_blank" href="http://www.wemade.com/" rel="nofollow noopener">www.wemade.com</a></u></p><p>Picture - <a target="_blank" href="https://mma.prnewswire.com/media/2015318/Kurrency_Wemade_s_collateral_backed_DeFi_service.jpg" rel="nofollow noopener">https://mma.prnewswire.com/media/2015318/Kurrency_Wemade_s_collateral_backed_DeFi_service.jpg</a></p><p>Emblem - <a target="_blank" href="https://mma.prnewswire.com/media/1867226/wemix_logo_Logo.jpg" rel="nofollow noopener">https://mma.prnewswire.com/media/1867226/wemix_logo_Logo.jpg</a></p><img alt="" src="https://rt.prnewswire.com/rt.gif?NewsItemId=EN31330&Transmission_Id=202303030356PR_NEWS_EURO_ND__EN31330&DateId=20230303" style="border:0px; width:1px; height:1px;"/><p> SOURCE Wemade Co., Ltd</p> </div> <br>[ad_2] <br><a href="https://www.prnewswire.com/in/news-releases/kurrency-wemades-new-collateral-backed-defi-service-301761926.html">Source link </a>