MYSO goes live on the Arbitrum Goerli Testnet for L2 expansion

MYSO goes live on the Arbitrum Goerli Testnet for L2 expansion
Blockchain News
Like? Do Rank It! Likes

Myso recently announced that it has been uploaded to arbitrum goerli testnet. The challenge protocol has tweeted a series on its official channel about the launch.

Depending on the tweets, arbitrum users now have access to myso finance zero-wind loans. The movement falls in line with myso's attempts to widen his layer 2 expansion. The challenge community has long questioned the implementation protocol of this launch.

Now that myso is live on the testnet, users are able to access the wet pool/ usdc. The swimming pool is on testnet.myso.Funding, and each arbitrum user can take advantage of this. The defi protocol even required users to comment further on which tokens to add.

These tokens will be available for both borrowing and security. Every dao or member of the project on arbitrum may suggest new use cases for the platform. If all goes well, myso is ready to launch zero-net loans as well. 

Since it was officially launched on the ethereum core network, myso has been distributing new updates. The platform was audited by chainsecurity in October 2022, only a few months after the platform was awarded the ethonline hackathon. 

Names such as huobi, advanced blockchain ag, gsr, nexo, and so on, support the defi protocol. One of the major reasons for this support is the unique value proposition of my corporation. The platform attempts to construct a fixed interest borrowing solution, without oracle and without liquidation.

Despite the launch of its core network on 10 January, myso soon released v1.1 with better efficiency and a new pool, rpl/ usdc. The protocol did not take a long time to add the rpl/rrth pool. By seeing how the protocol responded to users' requests, it establishes a base of faithful users.