Add as a preferred source on GoogleMorpho's oTFY Market Predates Oct. 21 Collateral Announcement
The Ethereum market pairs oTFY collateral with USD Coin borrowing. The token represents a claim on trade-finance bonds with physical commodity exposure.
Morpho's Ethereum market pairing Obligate's oTFY with USD Coin borrowing was created Sept. 3, more than six weeks before an Oct. 21 announcement highlighted the token's use as collateral on the platform.
The market pairs oTFY with USD Coin (USDC). Borrowers can pledge oTFY as collateral to borrow USDC while retaining exposure to the token.
oTFY is a security representing a claim on a portfolio of trade-finance bonds with physical commodity exposure. Obligate lists Morpho as a lending venue for the product.
RedStone supplies oTFY pricing data for the market, while RockawayX sets its risk parameters.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.