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What is MORE Markets on Flow?

What is MORE Markets on Flow?

MORE Markets is a decentralized borrowing and lending protocol deployed on the Flow blockchain, specifically leveraging Flow’s EVM (Ethereum Virtual Machine) compatibility. The protocol initially launched in private beta before moving to the testnet phase on Flow EVM1.

Key Features and Functionality

  • Borrowing & Lending: MORE Markets facilitates overcollateralized lending and borrowing, allowing users to deposit assets and earn yields or borrow against their deposits in a trustless, autonomous manner.
  • Extension of Morpho Blue: The protocol builds upon the Morpho Blue infrastructure, which means it inherits advanced trustless and permissionless market creation for crypto lending. This allows flexible market parameters and broad access for a variety of digital assets2.
  • Expansion to Traditional Finance: MORE Markets also provides pathways for undercollateralized lending, enabling a bridge to traditional financial services.
  • Flow EVM Power: Thanks to Flow’s full Ethereum compatibility, MORE Markets can plug into the existing DeFi ecosystem while benefiting from Flow’s low fees, scalable architecture, and fast finality. This EVM support makes it easier for developers and users familiar with Ethereum tools to participate on Flow12.

Ecosystem Context

  • MORE Markets is part of a growing suite of DeFi protocols and primitives on Flow, a blockchain known for its scalability, cost efficiency, and a consumer app-friendly environment. Projects like ankrFLOW (a liquid staking token), expanding oracle support (such as Pyth and Chainlink), and integration with top partners further bolster Flow’s DeFi infrastructure12.

Further Resources

  • The protocol has an open-source repository and developer resources, enabling deeper technical exploration and community participation3.
  • Official website: more.markets
  • Twitter: @More_Protocol
In summary, MORE Markets extends DeFi lending capabilities onto Flow’s ecosystem, using EVM equivalence to offer efficient, trustless, and flexible financial markets for a wide range of crypto assets123.
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