Moria v1
Moria v1 introduces a new flexible, market-driven model for improved peg stability
This project is in active development.
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Marked-driven interest rate
Borrowers set their own interest rates. Repayment must include at least 0.01 MUSD in interest.
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120% Colleteral Ratio
The Moria protocol is capital-efficient, requiring only a low amount of collateral.
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Decentralized protocol
MUSD stands as a censorship-resistant, decentralized stablecoin.
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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
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Borrow Tokens: Lock in your BCH collateral to borrow asset-backed tokens
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Maintain Collateral: Keep your collateral ratio above the minimum to avoid becoming an open repayment opportunity
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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
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Repay and Unlock: Repay your borrowed tokens to unlock your BCH collateral
Key features
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Oracle-based: Moria Protocol uses the D3lphi oracle to ensure an accurate and transparent price feed
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Incentivized Floating Peg: Built-in market incentives to maintain token value
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Flexible Repayment: Open repayments allow anyone to clear the debt when collateral is insufficient