|All Time High:|
|Market Cap: |
|The price of #MUSD today is $0.92 USD.|
The lowest MUSD price for this period was $0, the highest was $0.915, and the current live price for one MUSD coin is $0.91540.
The all-time high MUSD coin price was $4.88.
Use our custom price calculator to see the hypothetical price of MUSD with market cap of BTC or other crypto coins.
|The code for mStable USD crypto currency is #MUSD. |
mStable USD is 2 years old.
|The current market capitalization for mStable USD is not available at this time.|
mStable USD is ranking downwards to #2019 out of all coins, by market cap (and other factors).
|The trading volume is unknown during the past 24 hours for #MUSD.|
|The circulating supply of MUSD is 4,277,251 coins, which is 100% of the total coin supply.|
Note the limited supply of mStable USD coins which adds to rarity of this cryptocurrency and increases perceived market value.
|MUSD has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on probably at least one crypto exchanges but we don't have this data.|
View #MUSD trading pairs and crypto exchanges that currently support #MUSD purchase.
|Note that there are multiple coins that share the code #MUSD, and you can view them on our MUSD disambiguation page.|
Meta Vault Launch
Guide to investing in mStable Meta Vaults
In this guide, we explain how to start investing in mStable Meta Vaults. Before you begin, ensure that you have: Funded a non-custodial wallet with USDC for deposits and ETH for gas, — How to invest with Meta Vaults - Meta Vaults are located on our new yield front-end.yield.mstable.org In this guide, we’ll show you how to navigate around the interface. — Step 1: Connect your wallet. — Connect your wallet to the dApp using the Connect button on the top right, Select your wallet from the list of available or recommended ones, Ensure you’re connected on the Ethereum mainnet, — Step 2: Select a Meta Vault. — Scroll to the Vaults section and locate the Meta Vault to invest in, Toggle between list and grid views using the toggle on the top right, Select a Meta Vault — you will be diverted into another page with more details about the selected Meta Vault, — Step 3: View more details about the Meta Vault. — Selecting the Meta Vault brings up a new UI where you can view detailed information about the selected Meta Vault. For example, in the Vault Performance area, you can track the changes in yield (APY), TVL and Assets per share backing the Meta Vault across your selected time period. Scroll down and you will find the Strategy & Risks section illustrating the protocols and contracts utilised in this strategy, your asset and token exposures when investing in th...
Solving the issue with slippage in EIP-4626
Introduction - EIP-4626 provides a standard way to invest a token into an investment pool, which is commonly called a vault. When you deposit your assets, which is an ERC-20 token, you receive a share token that represents your portion of the assets in the vault. The vault will invest the pooled assets into one or more underlying platforms to generate yield for the shareholders. See the full EIP-4626 specification at eips.ethereum.org. A consequence of the EIP-4626 standard is that the deposit and mint functions don’t provide a way to specify a minimum share or asset amounts in return. This is commonly used to prevent high slippage or sandwich attacks. How did mStable solve this with its Meta Vaults — staying compliant with the standard while mitigating high slippage attacks? This article describes the challenges and explains how our approach works. — EIP-4626 and mStable vaults deposits - The first of the mStable EIP-4626 vaults will invest in Convex pools based in Curve’s 3Pool. You can read more about the vaults in the proposal here. From an EIP-4626 perspective, the asset of the vault is Curve 3Pool’s liquidity provider token (3Crv). The deposit function is part of the EIP-4626 specification and specifies how many assets are to be deposited and the account that will receive the vault shares. The deposit function returns how many vault shares were minted to the receiver.function deposit(uint256 assets, a...
On-chain analysis: Stablecoin users on Convex
Key Insights - Most of the addresses stay in the pools for a maximum of 60 days., Our yield simulation showed that most addresses lose yield while administrating their position., The 3 dominant variables that influence your net yield in Convex are: how much you are depositing(TVL), how many times you are compounding(claims) and for how long you will stay in the pool(time)., There is a massive opportunity for automation and gas socialization products to create a positive-sum vault., — Introduction - Over this year, mStable has been looking into various yield sources to create a vault that will bring a good and trustful yield. After analyzing stablecoins, we concluded that Convex would be a good source of yield for them. In this article, we will cover 3 stable pools. Based on this analysis, we can point out behaviours that increase or decrease the net yield and how specific personas a different approach is more viable. We will also classify the depositors into personas according to their TVL size, calculate how long they stay in the pool, and show what yield they are getting. — Curve. — Convex is built on top of Curve, which is an AMM that provides high liquidity, low slippage, and low fee transactions among ERC-20 tokens. Curve also introduced the veToken(vote-escrowed) model. The longer you lock CRV, the more veCRV you receive. For us, the most important part is the Boosting system behind it. You can e...
A Stablecoin Framework
Assessing the risk of stablecoins on DeFi. — mStable’s first Meta Vault, to be launched soon, will be stablecoin-based. Related literature is abundant but frameworks to assess their risk are missing. mStable is a battle-tested project with a strong focus on security and an upcoming stablecoin-centric product release. Therefore, we created a Stablecoin Risk Framework to assess the depegging risk of the different possibilities. Stablecoins have been the biggest narrative in DeFi for a long time, and building a truly scalable and decentralized stablecoin remains a challenge. The UST crash has taught us that nobody is too big to fail. Designs are getting more complex over time, and it is becoming increasingly hard to stay on top of them and assess their risk. But that also means that the market might be mispricing the risk. At mStable we are building a generalizable vault architecture of which stablecoins are a central piece. Very soon, mStable is deploying the first Meta Vault, which will enable investors to get exposure to a diversified set of strategies with a single transaction. These strategies will be stablecoins pooled in Curve against 3CRV, which are then staked in Convex to claim $CRV and $CVX rewards. We developed a framework to asses the risk of these pools, which will allow us to make an informed, data-driven decision about the selection for our vaults. Eventually, this framework will become the guide we wil...
A refreshed mStable identity. — — Introduction - Branding in DeFi for any user-facing and developer-facing product is an important but difficult part. This mostly stems from the very young age of the entire industry, the mostly young companies that test for product-market fit and seek to establish a brand in a continuously changing and rapidly evolving industry. This article describes mStable’s previous approach and the recent changes, what problems we faced, and present the solution. This new refreshed design and branding will mark the beginning of a new era for mStable and be the refreshed face of our new products. — The need for a refreshed identity - The current mStable branding was created at the very beginning of the project’s life. Over time, the mStable brand became outdated and we felt that it was no longer representative of our vision and products. Our team has shifted significantly and did not represent the mStable that was there in the past. As the focus of the Team and the Team itself shifted, so did the mStable brand drifted to a new direction (compare landing page, dApps, and marketing material). This was due to several reasons, some of which were mentioned previously: Products were not user-centered, user research and testing were absent., Low brand engagement since the brand does not convey a clear vision and messaging and it is reflected in its visual communication. It tried to convey ...
Exploring the ERC-4626 Universe
A deep dive into the ERC-4626 Ecosystem - Standards in traditional technology are one of the most powerful catalysts. They drive interoperability, ecosystem development, and future innovation. Crypto is no exception to this: ERC-20, ERC-721, ERC-4626. ERC standards are the condition for a successful composable and permissionless ecosystem. ERC-4626 is one of the most exciting standards for Ethereum. As a standard for tokenized vaults, it lowers the integration effort for yield-bearing vaults that are powering many DeFi projects. Beyond substantially decreasing integration costs, this standard natively creates a derivative asset, generating a new kind of liquidity independent from the underlying assets. Reflecting on the power of standards, mStable realized that broad adoption is a prerequisite for it to become a game changer in DeFi. With early adopters of the standard, we’re building the 4626-Alliance, a fertile ground for 4626-builders to foster collaboration and push the standard. In this blog post, we explore some of the vast ecosystems of DeFi projects building on the standard and what they have been up to.An ecosystem of protocols building on ERC-4626 — Timeless Finance - Timeless is a yield market protocol that lets you boost, hedge, and trade yield. Instead of just parking your money into a classic yield farm, Timeless enables users to boost their yield, hedge against falling yield rates or speculate on yield...
Strengthening the foundations for growth
The mStableDAO completes its restructuring process to strengthen the foundation for exponential growth with mStable V2. With this completed, the following entities and associated signer groups were established: TreasuryDAO (4/6 signers), ProtocolDAO (4/6 signers), Builder subDAO (2/3 signers), Ecosystem subDAO (2/3 signers), — Why restructure? - To align the interests of the protocol and governance bodies, we introduced a more active signer group with active compensation to participate more in the ecosystem. This will ensure that governors are incentivized to make the best decisions for the protocol while avoiding unnecessary overheads that was inherited with the old signer structure. — The new subDAOs will drive accountability in a more structured manner - TreasuryDAO The TreasuryDAO has absorbed the Asset Management subDAO & Funding subDAO. Treasury Management will now be backed by a Charter — currently in progress — on top of the discretionary spending limit for more transparency. This ensures that spending above the discretionary spending limit is guided by a robust framework. ProtocolDAO The ProtocolDAO remains largely similar, and its role in the ecosystem is to ensure that the core contracts are funded, the proposals that get voted in via Meta Governance make it on-chain, and that the smart contracts are executed using with a diverse multi-sig structure for robust security. Builder subD...
mStable Governance Updates — 19 September 2022
Stable Governance Updates — 19 September 2022 - Dear governors, here’s the latest edition of governance updates from the engine room. RFCs: — Increase fees charged to the Save vault to 20%. — forum.mstable.org, Raise the governance fee for our mUSD Save Vault on Ethereum Mainnet from 10% to 20%, Implementation Updates: — TDP 50: mStableDAO x WorkDAO Partnership. — vote.mstable.org, The WorkDAO Proposal has passed, and the Operations team is working full-time to complete the onboarding into WorkDAO for the relevant employees and contractors!, October Governance Call Our monthly call will happen on the 4th of October at 3:30PM UTC where we’ll discuss everything mStable Governance, DAOs, as well as give an outlook on what we’ve been working towards. — About mStable - mStable is a secure savings layer built for DeFi for pegged-value crypto assets. Website | Discord | Twitter | Forum mStable Governance Updates — 19 September 2022 was originally published in mStable on Medium, where people are continuing the conversation by highlighting and responding to this story.
Token Emission and the Future of MTA
Introduction - Since the launch of mStable, the protocol has undergone a number of changes and improvements. One area that has seen significant change is the role of mStable’s Governance Token (MTA). In this post, we aim to explain some of the developments of the MTA token and what the future might hold for it. The original role of MTA was to align interests of users, token holders, investors and other stakeholders and bootstrap a decentralised community of governors. In order to achieve this, MTA was distributed to users in the form of rewards, which could be earned by participating in the protocol. As the protocol grew and the ecosystem around it developed, it has become clear that this model is no longer sustainable. In particular, the high rate of token issuance was not conducive to long-term value creation, and the rewards were not always aligned with the interests of the protocol. — The need for change - Token emissions fuelled the DeFi summer, but were unsustainable long-term. mStable joined the effort like many protocols to distribute its governance token this way. While great at bootstrapping growth at the beginning, it was highly addictive because it fuelled deposits into the protocol and the total deposits into the protocol depended on it partially. On the flipside, lowering emissions would reduce yield and correspondingly deposits and TVL, a metric that was artificially inflated to keep a protocol relevan...