He x.com/metaplex” target=”_blank” rel=”noopener”>Metaplex Foundationin alliance with x.com/MutantLabs_” target=”_blank” rel=”noopener”>Mutant Laboratorieshas announced the launch of MPL-404, an innovative framework and on-chain protocol that integrates fungible and non-fungible assets in a concept known as “Hybrid DeFi.”
Mutant Labs, known for its expertise in hybrid DeFi solutions on Solana, has contributed its SPL-404 exchange program to the Metaplex Program Library (MPL) to expand the capabilities of MPL-404 and enhance the development of new programs and tools DeFi hybrids.
This initiative aims to enhance Solana's functionality and support its growth as the preferred blockchain for digital assets and web applications3.
Source: MetaplexUshering in a new era of hybrid DeFi
MPL-404 introduces a transformative approach by combining the liquidity of fungible tokens with the distinct properties of nfts. This hybrid model allows users to exchange between fungible and non-fungible versions of the same asset, providing greater flexibility and functionality in digital asset transactions.
Metaplex also aims to empower developers, creators and collectors by providing new tools and SDKs to create dynamic digital experiences with MPL-404.
Developers interested in MPL-404 are recommended to follow Metaplex on x for updates on documentation and SDK versions.
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