MoHash raises $6M seed funding to bring sustainable, stable yields to DeFi

The recent collapse of UST has once again demonstrated that many of the so-called stablecoins in the web3 world today are tied to high-risk and often unsustainable assets. As decentralized finance attempts to expand its reach, it appears to be in dire need to find alternative sources of yields.
During the last DeFi summer, the yields on USDC across lending protocols ranged from 4-6%, says Md Halim, founder of DeFi startup ZeFi. At times, the yields went as high as 9%.
“As the value of Bitcoin and Ethereum appreciated, the demand for loans against them skyrocketed, prompting higher yields. But

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