Ana Grabundzija · 2 days ago · 2 min read
24H Price Chart
Table of Contents
Market Cap $15,660,253
24H Volume $8,440,098
Circulating Supply 17,336,544 MTA
Total Supply 99,995,245 MTA
Source: MTAUSD Chart by TradingView
All-Time High $10.8802
% from ATH -95%
ATH Date Aug 31, 2020
mStable unifies stablecoins, lending and swapping into one standard. mStable assets are liquidity shares that also function as stablecoins in their own right.
mStable has a protocol token, Meta (MTA), with three core functions:
- To act as the ultimate source of re-collateralisation
- To coordinate decentralised governance
- To incentivise bootstrapping of mASSET liquidity, utility and a community of Governors
In return for performing these functions and taking on the risk of partial liquidation in a peg loss event, governors can choose for Meta tokens to earn income from fees collected in the platform and interest generated on its underlying assets. This will be decided in future once mStable is sufficiently decentralised.
If this happens, stakers would receive an mStable asset denominated return. For example, for staking Meta and becoming a governor, a user may receive mUSD, mGLD, and mBTC. Meta itself does not earn any kind of return or reward if left unstaked by a user, and has no influence over the system’s governance.
CEO & Co-Founder
Research & Co-Founder