USH on MultiversX: 0% Interest Minting & Booster V2 Set to Revolutionize DeFi

USH introduces 0% interest minting & dynamic lending rates, boosting DeFi accessibility & stability on MultiversX.

Booster V2 drives sustainable rewards with HTM buybacks, creating a flywheel effect for liquidity & staking incentives.

With 600K+ EGLD locked & past liquidity scaling from $38M to $268M, USH’s launch is set to reshape the DeFi landscape.

The highly anticipated launch of $USH on the MultiversX Mainnet is just days away. According to Robert Sasu, this isn’t just another overcollateralized stablecoin. Instead, it introduces a suite of innovative financial tools that will reshape the DeFi landscape. With the full integration of Efficient Booster V2, isolated lending pools, and seamless connections to xExchange farms, the ecosystem is about to experience a major transformation.

USH Minting & Lending: A New Paradigm

USH introduces multiple minting options tailored for different assets. Users can mint USH at 0% interest through isolated pools using EGLD, sEGLD, wTAO, or swTAO. Alternatively, those with other assets can utilize the Lending Protocol, subject to fixed interest rates. Wrapped USDC and USDT carry a 10% rate, while Wrapped BTC, ETH, UTK, HTM, and MEX are at 15%.

Hatom Protocol has emphasized that interest rates for USDC and USDT will be adjusted dynamically in the first few days to maintain stability. The approach ensures USH remains robust against sudden fluctuations, solidifying its position in the DeFi space.

HTM Buy-Back & the Flywheel Effect

The introduction of Booster V2 is another key milestone. Unlike traditional liquidity mining, Hatom is implementing a sustainable rewards model. Revenue from Lending, Liquid Staking, and USH Facilitators will be reinvested into buying back HTM, generating a continuous cycle of demand and rewards.

Notably, over 600,000 EGLD is already locked in Isolated Pools, with $250,000 in accrued rewards. These funds will be used for the initial buyback, boosting incentives for liquidity providers. With a track record of scaling liquidity from $38M to $268M in previous launches, expectations for USH’s impact remain high.

A Competitive Future with Booster V2

Booster V2 refines capital efficiency, allowing users to optimize their rewards by balancing supplied liquidity with HTM staking. The new model enhances user engagement, creating a competitive landscape for yield maximization.

Additionally, the incentivized testnet concluded successfully, with a $10,000 prize pool to be distributed among top testers. With the final audits complete and launch preparations in full swing, USH is poised to become a defining force in DeFi.

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