DeFi Lending Protocol Minterest Completes $5.52 Million MNT Token Sale
The campaign is run through Copper's LBP (Liquidity Bootstrap Pool), ensuring tokens are distributed in a fairer manner, in line with the Minterest spirit of making DeFi fairer.
Estonia, Tallinn - February 14, 2022— Minterest, a value-capturing lending protocol designed to make DeFi fairer to users, completed a $5.52 million token sale. After the offering, Minterest, less than a year and a half old, was valued at $514 million on a fully diluted basis. Minterest is the first to launch the DeFi 2.0 model with higher capital efficiency and fairer incentive mechanism. LBP is the first step in the release of the Minterest protocol, which is expected to be released by the end of the first quarter of 2022.
LBPs are a proven way to give users unrestricted access to token distributions, allowing the market to determine a fair price for any crypto asset during the event. In this way, its price is determined entirely by the supply and demand dynamics that occur within the LBP itself, rather than by a small number of individuals.
Minterest LBP is backed by many well-known funds, including DigiStrats, LucidBlue Ventures, DFG, etc. LBP token events are held on Copper to ensure the fairest token distribution, in line with the Minterest spirit of making DeFi fairer.
Josh Rogers, CEO and Founder of Minterest, said: “At any time, the results of the Minterest LBP would be considered significant, but in today’s environment, Minterest received a fully diluted valuation of $514 million prior to the protocol’s launch. Value, this is a sign that cannot be ignored, indicating that it has brought great opportunities and potential to the market. It reflects the ability of the agreement to perform its duties, and to bring users the greatest value in a fair and equitable way to occupy Dominance, we are very excited and cannot wait to bring it to market.”
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about Us
about Us
Minterest is a unique lending protocol built by industry leaders to serve billions of total value locked (TVL) in DeFi lending projects. Its purpose is to provide users with a decentralized , fair and inclusive financial platform. The Minterest protocol has the world's first buy-back mechanism, which automatically transfers revenue to users who contribute to the platform. In this way, users can obtain protocol income in addition to industry-leading lending rates, thereby creating the highest long-term yield potential in DeFi. The protocol also has an on-chain treasury for capturing and sharing liquidation revenue with users.
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-Official website: minterest.com
- Twitter in English: twitter.com/Minterest
- Blog in English: minterest.com/blog
- English telegram group: t.me/MinterestFinanceChat
- English telegram subscription channel: t.me/minterestfinance
- English Discord: discord.com/invite/9hcTvuDUGG?
- Chinese telegram group: t.me/Minterest_CN
- Chinese Telegram subscription channel: t.me/Minterest_ANN_CN
- WeChat public account ID: Minterest_CN
- WeChat group: Click "WeChat group" in the navigation bar of the WeChat official account, scan the code to join the group
