In the grand tapestry of decentralized finance, Velar, a protocol with the audacity to call itself the linchpin, has conspired with Mezo to weave the native stablecoin mUSD into its PerpDEX loom. 🎣🐉
This dance is as curious as it is cunning; for mUSD is not just any stablecoin—it is the first to wrap itself in the Bitcoin cloak, offering investors a path to DeFi pastures without the centralized stablecoin traps. 🚀🐝
Mezo, with a twinkle in its protocol eye, claims that mUSD is the alchemist’s key to turning idle Bitcoin into a font of yield, all without surrendering the keys to the BTC kingdom. 🧙♂️🔑
Velar, a behemoth of liquidity, stands proudly on the Bitcoin shoulders, known for its PerpDEX—a place where traders can play the markets with their assets nestled safely in their digital pockets. 🧳💼
As for mUSD, it is the offspring of Mezo, a protocol with aspirations to elevate Bitcoin holders to new financial heights without the burden of custodial chains. Backed by Bitcoin and pegged to the dollar, it seeks to honor the Bitcoin creed of autonomy and transparency. 🗝️💲
In a show of mathematical rigor, Mezo demands a 110% collateral cushion for minting mUSD. Should the ratio crumble, the protocol’s axe will fall, and loans will be liquidated with digital dispatch. 🪓🔥
Come the second quarter, mUSD will make its debut on Velar’s PerpDEX stage, available for the masses through a cavalcade of trading pairs. With the tBTC bridge as its stepping stone, mUSD will cross into a realm where it can be traded, pooled, and borrowed against at rates that won’t break the bank. 💸🌉
Velar’s own Mithil Thakore extols the virtues of mUSD, claiming it as the vanquisher of custodial fears, allowing users to cling to their BTC as they collateralize it. 🛡️🤲
“With mUSD on PerpDex, users will savor the sweet nectar of capital efficiency and the liberty to choose their margin poison,” he quipped with a knowing smile. 🍯🎪
In the wake of this stablecoin saga, Velar plots to endow mUSD with further powers, aiming to crown it the heart of the Bitcoin DeFi universe. Stay tuned for the multi-utility mUSD saga continues… 🌟🔮
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2025-03-26 17:41