what's Mooncake?
Mooncake is a permissionless onchain market for leveraged tokens and yield-bearing funding assets. The protocol uses a structured vault system that splits the value of any underlying crypto asset into two components: a leveraged token providing amplified exposure to price movements without liquidation risk, and a funding asset generating yield. It recently integrated dfdvSOL liquid staking token to power its 10xSOL leveraged market.
Mooncake_fi: mUSD stablecoin offers 25-85% APY; 10xSOL provides 10x leverage, zero liquidation.
Links
x.com/mooncake_fidfdvSOL can now be leveraged with mooncake
mUSD stablecoin offers 25-85% APY yield farming from funding fees on leveraged Solana assets; 10xSOL product features 10x leverage with zero liquidation risk and zero lending interest.
The project is powered by Switchboard oracle network for real-time verifiable data to support its tokenized perpetuals platform.
Market cap reaches $700k with official endorsement from RateX_Dex team.
Project deleted a tweet about their token; RateX_Dex team promotes the token at $200k market cap.