Minterest & FusionX Team Up to Bring You an enhanced DeFi Lending, Borrowing and Trading experience
Minterest & FusionX Team Up to Bring You an enhanced DeFi Lending, Borrowing and Trading experience.
This partnership is significant for lenders, borrowers, and DEX users, with both protocols bringing unique strengths to the table. Let’s take a look at what to expect.
FusionX: Revolutionising Trading on the Mantle Network
FusionX is a leading DEX within the Mantle Network. Recognised for its cost-effective transaction model, FusionX provides users with a platform for trading at significantly lower fees compared to traditional networks like Ethereum mainnet.
This efficiency is a key factor in FusionX’s appeal, offering users a dual advantage of reduced costs and enhanced trading experiences, as well as complete decentralisation.
Minterest: Enhancing Yield Generation
Minterest is a DeFi lending protocol that introduces several innovative features to the lending and borrowing sector, as well as a comprehensive multi-chain roadmap aimed at bridging the lending and borrowing gap.
Its Buyback Engine is designed to route up to 100% of net protocol fees to on‑chain buybacks for eligible MINTY stakers and governors when activated, subject to governance approval, available reserves, and market conditions. The model used by Minterest ties the protocol’s success directly to its users’ benefits — as protocol TVL increases, users may receive greater $MINTY rewards.
The Minterest Solvency Engine provides an automated approach to the issue of insolvent loan liquidations. By placing a premium on precision, efficiency, and automated solutions, the engine aims to minimise the risk of toxic debt and enhance user benefits.
A Partnership Aimed at Improving DeFi
The partnership between Minterest and FusionX is a fusion of technical innovation and cost efficiency that is set to redefine user experience in the DeFi ecosystem.
Minterest will integrate FusionX into its Solvency Engine pipeline to help maintain healthy positions for Minterest protocol users while driving transaction volume to FusionX and increasing fees generated for its LPs. By merging Minterest’s exceptional yield-generation capabilities with FusionX’s efficient and decentralised trading environment, users could benefit from high yields and low-cost decentralised transactions.
Stay tuned for further development updates and to learn more about the opportunities this collaboration brings!
Join the Minterest and FusionX communities on Discord, Twitter and Telegram.
Fee‑routing percentages, yield improvements, and risk‑reduction targets are intended goals based on current protocol design and may change through on‑chain governance, audits, or market conditions; they may be modified, delayed, or suspended without notice. Figures and outcomes are illustrative only; results are not guaranteed, and nothing herein constitutes financial, legal, or investment advice.
20, December 2023
