The recent collapse of UST has once again demonstrated that many of the so-called stablecoins in the web3 world today are tied to high-risk and often unsustainable assets. As decentralized finance attempts to expand its reach, it appears to be in dire need to find alternative sources of yields.

The startup is building a decentralized finance protocol that will tap global capital and liquidity for alternative assets in fast growing economies.“We are enabling access to fast growing economies, and whose growth has meaning … it’s not tied to the fluctuations in the crypto market. The startup aims to begin doing transactions in the next few weeks and is targeting to serve institutional investors and high net worth individuals with check sizes typically above $1 million. For Devarajan, MoHash is an opportunity to write standards that can be used globally, he said.

Mohash Raises $6M Seed Funding To Bring Sustainable, Stable Yields To Defi

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