What is Morpher Coin (MOFI)?
During the Ethereum 2.0 upgrade today, Morpher\’s founder introduced a new produc
During the Ethereum 2.0 upgrade today, Morpher’s founder introduced a new product: Optimizer.
According to their introduction, Optimizer is a one-stop toolbox designed for DeFi. It achieves blockchain scalability, interoperability, and privacy protection through modular design, smart contract programming language, and decentralized management. The feature is currently live on the mainnet, and users can purchase these products and participate in the ecosystem with either ETH or ERC-20 tokens. Moreover, since its launch, it has received investments from various institutions, including Alameda Research.
What is MOFI Coin?
MOFI is a digital asset implemented through decentralized protocols such as Compound and Aave. The MOFI token is mainly used for lending and can be used for governance voting and value transfer. The main purposes of using this currency in DeFi are to provide liquidity mining rewards to users and to purchase NFTs.
According to CoinGecko data, the total market value of MOFI has reached 8.16 billion USD, ranking first, with a highest price of $2. Additionally, based on CoinGecko data, MOFI is currently priced at $4.77, with a 24-hour increase of 14.6%.
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