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Mimas Finance

**Mimas Finance** is an algorithmic money market and liquid staking protocol on the Cronos blockchain. Built by the same team behind [Tranquil](https://tranquil.finance) on the Harmony blockchain, it allows users to supply and borrow assets while receiving or paying interest in a completely permissionless and decentralized way. Borrowing and lending interest are set based on market demand, and loans are over-collateralized to ensure solvency. Mimas Finance is a fork of Tranquil Finance (which is forked from Compound), which has been [audited by CertiK](https://www.certik.com/projects/tranquil-finance) and has been successfully running for many months across volatile market conditions with [tens of millions in TVL](https://defillama.com/protocol/tranquil-finance). Our DEX-based TWAP _fully decentralized_ price oracle stack, which works without Chainlink, has been proven and validated in the field. Mimas Finance has also been audited by [CertiK](https://www.certik.com/projects/mimas-finance).



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Categories: Money Market (Lending)

Tags: Money Market (Lending)