Michi Protocol Project Introduction, Team, Financing and News

Performances

RD Popularity Index

561.54% (24h)

0100200300400500

Project Rank: 13655/15395

RD Growth Index

0100200300400500

Project Rank: --/15395

Comparison

Event Calendar

Apr 5, 2024

is live for trading

Details

Michi Protocol is a points trading platform built on Pendle, utilizing ERC-6551 Token Bound Accounts (TBA) to let users deposit Pendle yield tokens (YT) and liquidity provider (LP) positions into NFT-controlled wallets. These wallets automatically accrue associated protocol points, while users can withdraw underlying assets anytime. By binding points to NFTs, Michi enables direct trading of these points before Token Generation Events (TGE), creating a liquid market for points without relying on centralized intermediaries or collateral.

Tags:

DeFi

Points Market

Ecosystem(1):

Ethereum

Founded:

2024

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