South Korean gaming giant Wemade launches DeFi service Kurrency

ChainCatcher news, South Korean gaming giant Wemade has announced the launch of its DeFi service Kurrency, aimed at enhancing usability, transparency, and reliability. Kurrency is a service that issues crypto dollars through collateralized debt positions, allowing users to pledge virtual assets supported by the service as collateral to issue WCD (WEMIX Crypto Dollar). WCD is issued by ensuring that the value of the collateral exceeds the total amount of "over-collateralized" loans issued. WCD will connect Wemade's KLEVA protocol, DEX, and other Wemade DeFi services, as well as various other DeFi services across multiple chains, improving capital efficiency and interconnectivity between services. (Source link)