Minterest is now preparing to choose to go live on Ethereum first, ahead of Moonbeam.

DeFi is now multi-chain, and both Moonbeam and Ethereum are preferred networks in Minterest’s multi-chain roadmap.

After Minterest's very successful LBP closing with a fully diluted valuation of over $500 million, a lot of market feedback expressed support for the proposal to prioritize Ethereum as the protocol's distribution network, with Moonbeam and other EVM-compatible networks to follow .

This proposal is strongly supported by the results of a recent strategic review involving advisors, liquidity providers and project investors, so Minterest is currently prioritizing Ethereum as an initial launch phase.

By launching on Ethereum first, Minterest will gain greater launch liquidity, which can speed up the implementation of its multi-chain strategy. The large amount of initial liquidity attracted by Ethereum helps to establish liquidity more quickly on other EVM-compatible networks (such as Moonbeam). Many other protocols have successfully demonstrated this.

Last year, we redesigned the underlying technology stack of the protocol, shifting from Substrate to using Solidity, which provides the greatest flexibility possible for the launch of the protocol, and by doing so, it is possible to redefine the current priority.

We do not make changes to user functions, on-chain liquidation, the agreement’s automatic repurchase reward governance participation, and Minterest NFT are all proceeding as detailed in the project’s white paper. As the Minterest multichain roadmap is implemented, so will other EVM networks such as Moonbeam.

Due to Ethereum fee prices, the economic structure of the protocol has undergone minor revisions that will not have a major impact on the updated release schedule.

In order for all users to use DeFi, Minterest promises that each wallet participating in the Minterest community distribution activity will distribute $100 worth of MNT tokens to ensure that small participants will not be adversely affected by the price of Ethereum fees. The final price of MNT was $3.21, which is equivalent to the lowest average price of Minterest's LBP campaign.

As mentioned above, even though the war in Ukraine has had an impact on Minterest's release plans, we will be announcing a new release date soon.