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Moria v1

Moria v1 introduces a new flexible, market-driven model for improved peg stability

This project is in active development.

  • Marked-driven interest rate

    Borrowers set their own interest rates. Repayment must include at least 0.01 MUSD in interest.

  • 120% Colleteral Ratio

    The Moria protocol is capital-efficient, requiring only a low amount of collateral.

  • Decentralized protocol

    MUSD stands as a censorship-resistant, decentralized stablecoin.

  • Open Source

    Moria will be licensed under OSI approved open source license.

New features in Moria v1

  • Marked driven interest rates
  • Redemption of low-interest loans
  • Refinance loans
  • NTF owned loans

How it works

  • Borrow Tokens: Lock in your BCH collateral to borrow asset-backed tokens

  • Maintain Collateral: Keep your collateral ratio above the minimum to avoid becoming an open repayment opportunity

  • Maintain Interests: Set an interest rate above the redemption threshold to prevent others from redeeming your position. Redeemers can exchange MUSD for BCH at a 1:1 rate, while the borrower keep the MUSD and reclaim any excess collateral

  • Repay and Unlock: Repay your borrowed tokens to unlock your BCH collateral

Key features

  • Oracle-based: Moria Protocol uses the D3lphi oracle to ensure an accurate and transparent price feed

  • Incentivized Floating Peg: Built-in market incentives to maintain token value

  • Flexible Repayment: Open repayments allow anyone to clear the debt when collateral is insufficient