RiftenLabs Turns BCH Into DeFi Gold With Moria Decentralized USD.

I believe that one of the biggest issues for a Bitcoin Cash holder is how to preserve their portfolio without spending the coins! This is a real headache in crypto and, most of the time, leads people to find solutions such as centralized lending services offered by platforms like Binance.

Most of the time, centralized lending services are expensive, with some rates that users can't deny accepting because they are in need of that loan. The TOS often seems "confuse" ending with people locking up their Bitcoin Cash to achieve their objective without understanding them at all. This also comes with certain risks: being a centralized entity (Binance is cool, but there are others that are not so reliable and can burn users' funds at any time). Also, they can lock access to the funds, or the amount can get liquidated.

I am aware that decentralized services also come with risks, but here, people have more control over their assets and can evaluate whether the loan they are taking meets their expectations, and if the rates are aligned with their aspirations.

This is where I see the potential of this new issuance of decentralized stablecoins on Bitcoin Cash using the Moria Money Protocol.

Moria Money Protocol is brought to life by the same people who built the Cauldron DEX Exchange — yes, those guys from Riftenlabs who are doing a marvelous job on BCH. Moria Money is built using the CASHTOKENs tech and functions in a decentralized ecosystem. So, how does all this work?

For starters, this is a decentralized minting of Moria stablecoins named MUSD. Users, in order to mint this decentralized stablecoin, need to first connect their wallet in the CASHTOKENs environment (which can be Cashonize, Paytaca, Zapit, or others that operate on CASHTOKENs) and have enough funds to mint these "bad boys." It's important to note that the Moria Money Protocol is still in Beta, and users should carefully read what the platform service is all about to understand the risks and benefits before engaging with it.

For a protocol that just started yesterday, Monday, December 3, 2024, the Moria Money Protocol has already minted an impressive number of MUSD and locked a significant amount of Bitcoin Cash as collateral. Apart from the minting platform that is Moria Money, the decentralized stablecoin can also be found on Cauldron.

On Cauldron, people can trade, swap MUSD, as well as provide liquidity to earn good yields on this pair.

The days when people had to sell off their Bitcoin Cash to get stablecoins to spend or rely on centralized lending services to use their coins are over, thanks to the Moria Money Protocol. I believe this marks the start of a wonderful journey brought by the folks at RiftenLabs. They are building useful tools on CASHTOKENs — instruments that are necessary for using DeFi on Bitcoin Cash.

However, it is important to understand the risks of a collateralized platform and be aware of the potential impacts of price action, to avoid disappointment. Keep this in mind and enjoy the Moria Money Protocol. I love Bitcoin Cash and everything CASHTOKENs is bringing, so I will continue to share amazing content on this. Below are my tip/donation addresses, either in Bitcoin Cash or CASHTOKENs, to keep me encouraged and researching more projects and innovations in Bitcoin Cash DeFi.

bitcoincash:qpfmcvkzc7279en9zvw03xz9s0mzu4zflqsm7uljqs

bitcoincash:zz7pjvq99kylyvns6fjmyawjhxwnucgn2qwyae2ye9

Remember this:

Bitcoin Cash is inevitable. It’s a currency everyone should hold and have in their portfolio.