MEZZ Launches Bidding-Backed Collateral Extension for DeFi
Saint Kitts and Nevis, Basseterre--(Newsfile Corp. - March 8, 2023) - MEZZ, a smart contract protocol, has launched a DeFi platform for users to engage in acquisition and liquidation of NFTs and other crypto assets through bidding-backed collateral extension.
- Saint Kitts and Nevis, Basseterre--(Newsfile Corp. - March 8, 2023) - MEZZ, a smart contract protocol, has launched a DeFi platform for users to engage in acquisition and liquidation of NFTs and other crypto assets through bidding-backed collateral extension.
- The MEZZ token is the utility token of the MEZZ platform.
- After the transaction has been executed, a MEZZ contract holds the Target Asset in escrow until the Maker repays the borrowed ETH plus interest.
- On the MEZZ platform, Makers can cancel, update, or reactivate their deals prior to it being accepted by a Bidder.