Day 6 of #7Days of Growth: ApeSwap Partnership for Collateral Listings
It’s already day 6 of our #7DaysofGrowth campaign, and we are excited to announce our partnership with ApeSwap to integrate several of their partner tokens on MOR. As we carefully consider expanding MOR’s collateral makeup, one of our primary considerations is supporting our partners who have helped us get to where we are today.
“Through in-depth risk assessments, Growth DeFi’s unique lending market mechanics are allowing more partners than ever before to participate in borrowing/lending using their native tokens. ApeSwap is proud to soon introduce our first cohort of Jungle Partners to Growth’s unique lending protocol, opening our partners and their users up to more DeFi opportunities and new communities."
— Julian, ApeSwap.finance, Director of Business Development
What Tokens from ApeSwap Will Be Added to MOR?
Although have already decided on a preliminary list of which tokens will be added in our first ApeSwap token cohort on MOR, we would love to hear more suggestions from the ApeSwap and Growth community as well for future listings. Our official announcement for which tokens will be added on this first ApeSwap cohort will come soon as we work with ApeSwap and their token partners in integrating them within MOR. And of course, this will just be the beginning. We hope to add even more tokens from among ApeSwap’s partners.
Before these tokens can be added to MOR, the Growth DeFi DAO will vote on a proposal to have them added.
What Does This Mean for MOR Protocol, and More Specifically, for GRO Holders?
Adding ApeSwap’s partner tokens as we expand our user base into communities across BNB Smart Chain is our first major step in MOR’s upcoming collateral listing spree. As part of this process, we will be working closely with not only ApeSwap, but also their partner tokens in this first cohort to promote MOR to their respective communities. This means MORe exposure to cohesive communities across DeFi to introduce them to MOR’s leveraged yield farm capabilities. With more tokens listed, and more communities introduced to MOR Protocol, this means more $MOR minted, and more profit distributed to the surplus for GRO buybacks/burns.
As an early liquidity provider for Growth DeFi, and more recently, as a MOR Yield Revenue Share partner, ApeSwap has been one of our major supporters and partners.
We look forward to adding even more of ApeSwap’s partner tokens to MOR and finding ways we can continue working together.
What’s Next on Growth DeFi’s Roadmap for MOR?
Users can also look forward to much more coming to MOR, including veGRO, MOR Staking, Leveraged Yield Tokens, physically settled options, wrapped derivatives such as cLQDR, and more.
You can read here for an overview of our tokens/ecosystem, GRO and MOR. Or, read more about our exciting announcements as we are nearly midway through our #7DaysofGrowth: