• Written by: Crypto Breaking News
• Fri, 10 Mar 2023
•   United Kingdom

“The project will find it very difficult to raise with the current token given its value,” he said, referring to the MTA token, which at 2 cents is down 93% in a year. He continued: “The protocol isn’t earning enough from its products to self-sustain; and the [decentralized autonomous organization’s] runway is continuing to decrease [...] The post DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source appeared first on Crypto Breaking News.

DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source

“The project will find it very difficult to raise with the current token given its value,” he said, referring to the MTA token, which at 2 cents is down 93% in a year. He continued: “The protocol isn’t earning enough from its products to self-sustain; and the [decentralized autonomous organization’s] runway is continuing to decrease each month and will be depleted at current burn within 12 or so months.”

Source: CoinDesk

The post DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source appeared first on Crypto Breaking News.