Source : zycrypto.com
The meme coin ecosystem has yet another trendsetter. Meme token Mochi Inu ($MOCHI) sets out to bridge the gap between meme coins and DeFi. Mochi Inu has successfully combined both meme coins and decentralized finance (DeFi) into a single coherent ecosystem with a simple easy-to-use interface.
DeFi and Meme coins are two of the most popular crypto sub-sectors with the meme coins gaining more relevance and adoption over the last two years. Defi is also a trendsetter with a current total value lock (TVL) of approximately $260 billion.
These two sectors are integrated into mochi Inu thus making it a unique meme coin. Mochi Inu will also allow its community members to earn staking rewards and accumulate Mochi tokens at a discounted rate from a bond marketplace.
Since meme coins are community-driven, the emergence of the Mochi DeFi-meme coin will help ordinary people from across the globe participate in the crypto market. Mochi Inu also focuses on bridging the gap between meme coins and DeFi by providing its community and users with a cute “doggy” meme coin plus access to a decentralized finance ecosystem.
“The protocol is designed to help ordinary people participate in crypto and overcome many of the obstacles they face in traditional markets”, the Founder of Mochi Inu, Azeem Ahmed said while speaking on the meme coin. “Unlike meme stocks, which seem often suppressed, the Mochi DeFi-meme coin ecosystem has free markets where every user has equal access. And unlike other meme coins, Mochi is backed by a DeFi protocol that can include staking, bond markets, and stablecoins.” Ahmed added.
The dog-themed token is autonomously run and governed by codes built on decentralized finance protocol that allows a free market for users. As compared to other cryptocurrencies, Mochi bond markets will enable users to hedge against volatility by buying Mochi token bonds at discounted rates. These tokens can be staked automatically and users can start earning rewards.