SINGAPORE, July 28, 2021 – (ACN Newswire) – 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. Since the announcement
of our joint entrance to DeFi in March 2021, we have been
working together closely to develop and promote high-quality
DeFi products that aim to resolve staking
illiquidity.
Moonstake
launched its staking business in 2020 with the aim to create
the largest staking network in Asia. Since then, it has
developed the most user-friendly Web Wallet and Mobile
Wallet (iOS/Android) with support for over 2000
cryptocurrencies. After a full-scale operation launched in
August 2020, Moonstake’s total staking assets have grown
rapidly to reach $1 Billion, allowing Moonstake to become
one of the top 5 staking providers globally. Currently,
Moonstake supports 12 high-demand staking coins: Cosmos,
IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot,
Quras, Centrality, Orbs, and IOST.
Muse is a
comprehensive DeFi platform launched in March 2021. It is
working to launch various DeFi products, including a Wrapper
to issue wrapped tokens for staking assets that can be used
to provide liquidity to staked assets, as well as DEX
(decentralized exchange) and Lending platforms to facilitate
the distribution of such assets.
A feature of Muse
already implemented in the Moonstake wallet is lockdrop.
Lockdrop is a common, low-risk method of token distribution
mechanism in the DeFi industry without raising money while
incentivizing user participation. Instead of combining the
sale of tokens with assets, lockdrop sees “loss of
opportunity” as collateral and distributes tokens in return
for valuable losses. For more information about lockdrop,
please click here (https://tinyurl.com/39rd9hve)
Furthermore,
users can also utilize the affiliate program to earn extra
referral rewards by inviting others to participate in the
lockdrop.
The connection with DeFi products, which has
been growing strong since last year, will further enhance
the user experience of Moonstake platform. Future product
launches of Muse will add liquidity to the staking assets
and open the door to innovative DeFi products, all of which
will be supported by Moonstake as usual.
About
Moonstake
Moonstake was recently established to
develop a staking pool protocol to satisfy increasing
demands in regional and global blockchain markets. Moonstake
develops a staking pool protocol and provides business
services through partners and companies.
Moonstake
aims to be the largest staking pool network in Asia by
providing an active environment for crypto asset holders.
Establishing a clear partnership roadmap with Moonstake
represents another significant milestone for continuing to
strengthen ties with leading platforms across Asia’s
burgeoning Distributed Ledger Technology (DLT) ecosystem.
Partnerships have been announced with Emurgo, Ontology and
NEO to boost staking adoption, Binarystar, Japan’s biggest
blockchain hub, OIO Holdings Limited (SGX: OIO), a
Singapore-listed company. Industry’s reputed advisors, such
as Lisk and Lawrence Lim of RAMP DEFI support Moonstake’s
innovative journey.
With a full-scale operation
launched in August 2020, we expanded our business and as of
now, our total staking assets exceeded over USD 1
billion.
About
Muse Finance
Muse.Finance is a Decentralized Platform
where crypto users can receive staking rewards as well as
participate in wrapping, swapping, lending, and yield
farming to gain benefit. Its ecosystem, which consists of
Muse Swap, Muse Lending, and Muse Wrap, enables a liquid PoS
platform that integrates the ERC-20 DeFi Ecosystem with
Ethereum 2.0. Muse.Finance also links non ERC-20 assets with
the ERC-20 ecosystem, allowing owners of staked assets on
platforms such as Cosmos, IRISnet, Cardano, etc. to
participate in lending, liquidity mining, and yield
farming.
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