0 sats \ 1 reply \ @k00b 15 Dec 2021 \ on: Voting Machine Governs the Protocol | Money On Chain bitcoin
Do you use MoC? Is it competitive with other stablecoins (like Tether) or has some other use case?
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1 sat \ 0 replies \ @ama OP 15 Dec 2021 freebie
Of course, I use Money-On-Chain (MoC), yes. At the moment, I've only invested into BPRO, to provide liquidity for people who need to mint DOC (Dollar-on-Chain), which is the first stable coin backed by Bitcoin, not by FIAT (USD) like USDT, USDC, etc.
By holding BPRO, I also provide liquidity for the third product of MoC, BTCx2, a leveraged position on BTC.
I get reward in for of MOC (the governance token of the platform) and a small leverage on the price of BTC (the largest part goes to BTCx2).