MoneySwitch is a Liquidity-as-a-Service (LaaS) platform offering real-time liquidity to cross-border payment providers powering the global cross-border payment industry. Utilizing the power of DeFi, MoneySwitch enables access to liquidity unconstrained by different time zones, trading hours, holidays, weekends, and all “red” banking days. The liquidity can be used to meet immediate liquidity requirements of cross-border payment providers. For lenders, MoneySwitch opens new lending opportunities which thus far has exclusively been available to big banks and financial institutions. Lenders will be able to offer short-term loans which are safer, more efficient, and better suited to the needs of the cross-border payment industry.
MoneySwitch is backed by DeeMoney, Thailand’s largest non-bank cross-border payment provider, bringing with it an ecosystem of over 40 cross-border payment providers, covering over 100 cross-border payment corridors around the world. MoneySwitch has also looking to bring-onbaord several licensed cross-border payment providers to borrow on MoneySwitch, including Smartway Systems, Kapook EU, and Hanpass. The team behind MoneySwitch has extensive hands-on experience building solutions and tackling challenges within the cross-border payment industry.
MoneySwitch invites FRAX to participate in the MoneySwitch seed round as a protocol DAO, alongside other key strategic partners including BitKub, DeeMoney, Decentralized, and others. Holding MST will extend protocol governing rights including platform revenue distribution and will align incentives between our communities. In addition, MoneySwitch will open a FRAX lending pool, allowing cross-border payment providers to borrow FRAX. Extending the utility and reach of FRAX and allowing FRAX holders to earn attractive yields by stacking FRAX. MoneySwitch will also create an MST / FRAX liquidity pair and allow liquidity providers to stake their LP tokens in the Credit Default Protection Pool to both secure lending on MoneySwitch and generate further opportunity for FRAX holders to earn attractive yields.
- $250,000 allocation for FRAX Protocol
- $35M Fully Diluted Value
- Investment paid for in AMO Profits
- 1 year lock, then 2 year vest with quarterly release
For: Invest in MoneySwitch & attain the full $250k allocation
Against: Do nothing