MochiFi Review: What to Know Before Using It
MochiFi is an Ethereum protocol for borrowing USDM against NFTs and emerging assets. The basic use case is clear, but published details are too limited to judge its costs, loan terms or security before you connect a wallet.
By the SkyBitcoins review team · Updated
At a glance
MochiFi key facts
| Type | Ethereum collateral-borrowing protocol |
|---|---|
| Chain | Ethereum |
| Borrow asset | USDM |
| Token | MOCHI |
| Value locked | $336K−18.8% 7d |
| Audits | 2 audits listed |
| Updated |
MochiFi FAQs
What is MochiFi?
MochiFi is an Ethereum collateral-borrowing protocol with vaults for assets such as NFTs and other emerging digital assets. Its interface offers borrowing in USDM.
How does borrowing on MochiFi work?
MochiFi’s interface shows options to deposit assets and borrow USDM. It does not publish the specific collateral list, loan limits or other terms here, so check those in the app and its terms before depositing.
What are MochiFi’s fees, and has it been audited?
Fees and loan terms are not published in the available project details. Two audits are listed, but their names, scope and findings are not identified, so you cannot assess their coverage from that count alone.
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How we checked
Sources
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