What is MORE Markets?

MORE Markets is a decentralized lending protocol live on the Flow Crescendo mainnet. MORE Markets is the first to offer innovative features like premium loans, debt tokens, and more that enable the most capital efficient borrowing terms and earn lenders consistent and sustainable higher yield.

Lending Markets Today

Since the Luna and FTX collapse, there has been a gap in notable innovation to bring capital efficient markets to users. Crypto lending markets have become stale when offering competitive APYs to the market. There has been a wide open opportunity for new features that allow favorable terms when borrowing tokens and highly competitive yield when depositing tokens to MORE vaults.

Until now, much of the retail capital has been focused on markets outside of lending due to the lack of enticing incentives & innovations once so prevalent in crypto. That changes with the launch of MORE Markets and this is what is coming to DeFi on day 1.

Why Use MORE Markets?

Launching on Flow Crescendo was a strategic decision to meet retail volume with DeFi opportunity commonly known on other EVM chains. Flow has established itself as a go-to player for NFT collections and other collectible markets around sports loved around the world. Now you will have the opportunity to take advantage of double digit yield or take out loans to expand your collections while retaining exposure to the tokens you believe in.

With MORE Markets leading the way on Flow to offer these benefits for both borrowers and lenders, let’s take a deep dive on the key components that make this possible. A combination of credit attestations, higher-than-standard LLTVs, and Flow incentives create an environment for users to benefit however they use the protocol.

Credit Attestation for Premium Borrowers

Credit Attestations measure the creditworthiness of borrowers to take on more favorable loan terms depending on their off-protocol assets. We reward Premium Borrowers with higher LLTVs to incentivize them to borrow on MORE Markets which allows for sustainably higher yields. Premium Borrowers with ratings of over 800 can borrow up to twice their collateral in new markets launching soon.

To provide this attestation service we partnered with the best on-chain credit scoring service in the industry, Credora. MORE Markets has pre-approved and whitelisted an initial trusted service, the Credora Attestation Service.

Higher Liquidation Loan-To-Values

In traditional markets such as real estate, where loan limits are determined by the LTV of the property, MORE Markets allows borrowers increased loan limits depending on the value of their collateral in addition to their off-protocol assets.

In combination with our credit attestation service, premium borrowers can access increased loan limits not found anywhere else in DeFi. The sky is the limit on where they choose to deploy their borrowed assets. With the introduction of higher-than-standard LLTVs on MORE Markets, the scope of DeFi activity on Flow goes up and to the right.

Incentives on MORE Markets

At MORE Markets we believe in rewarding users that share the vision and want to use the protocol to meet their borrowing and lending needs that will not be found anywhere else in crypto.

We do not want to spill all the alpha yet around what is in store for early adopters, but in our next posts, we will begin sharing what the Flow Network has offered to support MORE Markets and how you can take advantage of these incentives.

Important Security Note

MORE Markets is currently undergoing an audit to ensure the smart contracts are safe for users. While we are happy to share that the audit is nearly complete and all potential vulnerabilities have been identified and addressed, the auditor still needs to provide the final report. This report is expected to be delivered during the week of October 7, 2024.

About MORE Markets

MORE Markets is a decentralized lending platform live on Flow Crescendo mainnet where innovative features enable capital efficient markets for borrowers and sustainably high yield for lenders. Retail users, DAOs and institutions stand to benefit from the innovations on the MORE Markets protocol.

Earn up to 30% yield on available vaults here: https://app.more.markets/easy-mode

Borrow your first loan here: https://app.more.markets/borrow

Join the MORE Markets Community

Follow us on X: @More_Protocol

Join our Discord: https://discord.gg/ZEUnYz8x

Visit our Website: https://www.more.markets/

Read our Docs: https://docs.more.markets/