Clayton-based mineral token supports DeFi by signing an MOU with Ozis
Blockchain Game Service Token Minerals (MNR) has signed a business agreement (MOU) with Ozis, a blockchain technology company.
Mineral is a Klaytn-based cryptocurrency token and will be supported by the decentralized exchange’KLAYswap’ through this agreement.
Clayswap is a decentralized financial swap protocol based on Automated Market Maker (AMM) developed by Ozis. Clayton Blockchain operates as a 100% smart contract, and since there is no central operating entity, anyone can easily supply liquidity and share fees incurred from the liquidity pool.
When a mineral-clayton pair is created in Clay Swap, liquidity between the two cryptocurrencies is secured. Through this, users can directly exchange minerals and clay without a separate intermediate process, and users who supply liquidity can share fees incurred from the pool.
Starting with this agreement, Minerals and Ojis are planning to establish a full-fledged partnership. The two companies plan to expand cooperation across the blockchain industry in the future.
A mineral official said, “In addition to Clayswap, we have various financial services in mind, such as DeFi staking,” and said, “We will continue to strive for accessibility and usability of minerals.”
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.