NEW YORK--(BUSINESS WIRE)--Mensa focuses on decentralized financial protocols, building a frictionless lending platform of Ethereum and other ERC20 tokens. At the same time, Mensa actively participated in compliance finance construction, successively obtaining Swiss Banking License and Asset Management License. The acquisition of these two licenses can increase the number of regulated services and products Mensa can provide, and allow Mensa to conduct digital currency transactions, digital currency libraries and digital wallet services in Switzerland; allow Mensa to provide payment transaction related services and offer transactions in the name of customers themselves or transactions in the form of currency, money market instruments, foreign exchange, precious metals, commodities, securities (stocks, stocks, value rights) and their derivatives. In the near future, Mensa will make it possible for a certain range of fiat currency customers to be its users.
Mensa is a decentralized financial protocol and also is a platform for the frictionless borrowing of Ethereum or ERC20 tokens without the flaws of existing approaches, enabling proper money markets to function, and creating a safe positive-yield approach to storing assets. Comparing to traditional P2P (Peer to Peer) loan market, which facilitates borrowings between market participants directly, the Mensa protocol significantly reduces the costs and frictions from users. Rather than relying on centralized market makers to match the deposits and borrowings, Mensa's algorithm incentivizes users to form liquidity pools for the tokens by issuing Mensa token to those providing liquidity. Our project embraces the regulatory proactively, the platform is run by a fully licensed business in Switzerland. In the near future, the money market platform can also enable fiat currency clients in the scope. The platform is deployed and runs in Binance Smart Chain (BSC) environment.