MovePosition is now live on the Movement Labs testnet, officially announced today. MovePosition joins a group of five other leading Web3 projects also successfully deployed in the Movement ecosystem, with $160 million in Total Value Locked (TVL) committed towards mainnet. Those projects include Echelon, Meridian, Avitus, BRKT, and Infinite Seas. This milestone marks a significant step on the "Road to Parthenon" – Movement's journey towards its Mainnet launch.

Alex Hoffman, Head of Ecosystem at Superposition Labs, Core Contributor to MovePosition, shared his excitement about the launch: “MovePosition represents a significant leap forward in decentralized finance. By integrating Concordia's adaptive risk management, we are not only enhancing security and efficiency but also paving the way for the next generation of DeFi innovations. Our goal is to create a platform that empowers users, fosters trust, and drives mass adoption.”

Key Features of MovePosition

–  Adaptive Risk Management: Concordia's dynamic AI-powered risk model adjusts in real-time to market conditions, providing robust protection against systemic failures.

–  Secure Borrowing & Lending: Enhanced security measures ensure the safety of user assets while facilitating efficient capital utilization.

–  Optimized Leverage: Users can maximize returns with optimized leverage options that maintain stability and minimize risks.

–  Transparent Operations: Comprehensive reporting and transparency tools empower users to make informed decisions and confidently navigate the DeFi space.

"The Superposition team is bringing institutional-grade risk management to everyday Movement DeFi users with their incubation of MovePosition," explains Torab Arya, Founding Business Development and Head of DeFi at Movement Labs. "Our philosophy at Movement is to provide a suitable platform for both professional and retail DeFi users, and Concordia's AI-powered risk modeling is a huge step in that direction. The Superposition team's superpower is their blend of DeFi experience, real-world success, and humble, mission-driven attitude. DeFi, like most financial vehicles, contains hidden risks. Any DeFi veteran will tell you on-chain horror stories, but there hasn't been much innovation in unearthing those hidden risks. Until now."

About Superposition Labs

Superposition Labs is a trailblazer in blockchain and decentralized finance innovation. Committed to advancing the field through groundbreaking research and development, Superposition Labs incubates projects like MovePosition to address the critical needs of the DeFi community. With a focus on security, scalability, and user-centric solutions, Superposition Labs continues to push the boundaries of what is possible in decentralized finance.

About MovePosition 

MovePosition is a new generation of highly performative, optimally parallelized blockchains that has emerged to revolutionize on-chain execution speed. Incubated by Superposition, MovePosition is built on top of this infrastructure using adaptive risk management to offer precise, reliable, and detailed solutions, paving the way for High Fidelity DeFi. MovePosition solves the DeFi bottleneck of inadequate collateral risk management, heightened security risks, and insufficient borrower empowerment. By analyzing real-time market volatility of collateral portfolios and incorporating on-chain behavior, MovePosition offers maximized capital efficiency for the ecosystem and precise personalized borrowing rates to users.

About Movement Labs

Movement Labs is the innovative force behind the Movement Network, an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems. The organization is developing the first Move Virtual Machine L2 for Ethereum, alongside open-source tooling and protocols to facilitate the adoption of the Move programming language across blockchain ecosystems. With Movement, developers can launch high-performance Move VM rollups with ease. Backed by $38 million in Series A funding led by Polychain Capital, with participation from Binance Labs, Hack VC, Placeholder, OKX Ventures and Archetype, Movement Labs aims to revolutionize blockchain interoperability and advance Move-based technologies in the Web3 space.

For more information about MovePosition and to join the community, please visit https://www.moveposition.xyz.

Contact:

Jon Lindsay Phillips

704.942.1557

Superposition@phillcomm.global