MYSO Launches L2 Expansion on Arbitrum Goerli Testnet

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MYSO not too long ago introduced that it’ll go dwell on the Arbitrum Goerli Testnet. The DeFi protocol has launched a sequence of tweets relating to the launch on its official channel.

Based on the tweet, Arbitrum customers can now entry zero liquidity loans from MYSO Finance. This transfer is in step with MYSO’s makes an attempt to increase its Layer 2 extensions. The DeFi group has been asking for a protocol for finishing up this launch for a while.

Now that MYSO is dwell on the testnet, customers can entry the wETH/USDC pool. The pool is offered on testnet.myso.finance and out there to all his Arbitrum customers. The DeFi protocol requested customers for extra suggestions relating to the tokens that must be added.

These tokens might be made out there for borrowing and collateral functions. Her DAO or venture members at Arbitrum can counsel new use instances for the platform. If all goes properly, MYSO will launch Zero-Liquidation Loans on mainnet as properly.

Since its official launch on Ethereum mainnet, MYSO has supplied new updates. The platform was audited by ChainSecurity in October 2022, simply months after the platform received his ETHOnline Hackathon.

Huobi, Superior Blockchain AG, GSR, Nexo and different names endorse the DeFi protocol. The principle purpose behind this help is MYSO’s distinctive worth proposition. The platform seeks to construct a fixed-rate, oracle-free, liquidation-free borrowing answer.

Regardless of launching its mainnet on January tenth, MYSO rapidly launched v1.1 with improved effectivity and a brand new pool RPL/USDC. It did not take lengthy for the protocol so as to add his RPL/rRTH pool. A loyal consumer base has been established by how the protocol responds to consumer calls for.

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