dHEDGE, the decentralized asset management platform, has announced its acquisition of mStable, a protocol for stablecoin exchange and liquidity provision. The acquisition comes after dHEDGE won a vote against three other protocols competing for the acquisition.
By acquiring mStable, dHEDGE aims to expand its capabilities and offer more innovative DeFi products to its users. The two brands complement each other, and dHEDGE plans to leverage mStable's cutting-edge technology to push the boundaries on cross-chain yield vaults.
In addition to the acquisition, dHEDGE has partnered with Toros Finance, an automated strategy protocol built using its technology, to expand its reach in the DeFi space and offer users more diverse opportunities to grow their crypto assets.
This acquisition and partnership are significant developments in the DeFi industry, and dHEDGE is proud to be at the forefront of this rapidly evolving space. The platform remains committed to providing its users with the best possible DeFi experience, and the acquisition and partnership are expected to bring new growth and value to the dHEDGE ecosystem and its users.
Stay tuned for further updates on dHEDGE's expansion efforts and the opportunities this acquisition and partnership will bring to the DeFi space.
1/ 🚨Groundbreaking news in #DeFi🚨
— dHEDGE (@dHedgeOrg) March 24, 2023
👑dHEDGE came out on top of the vote competing against 3 other protocols looking to acquire @mstable_
A 🧵 pic.twitter.com/apRslx3c7p
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