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General

What is Moria Protocol v1

Moria Protocol is a decentralized borrowing protocol that lets users deposit BCH as collateral, and mint the stablecoin MUSD.

How it works

  • Borrow Tokens: Lock in your BCH collateral to borrow MUSD tokens and a loan NFT.

  • Swap your MUSD: Use the decentralized exchange Cauldron DEX to swap your MUSD to other assets.

  • Keep the loan healty: Maintain a healthy collateral coverage to avoid having your loan liquidated. Keep interest rate above the redemption threshold to prevent others from redeeming your position.

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

Key features

  • Oracle-based: Moria Protocol uses an on-chain D3lphi price 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.

  • Loan NFT: The loan NFT proves the ownership of the loan position. This NFT is transferrable, tradeable and can be used in other smart contracts.

Developer Resources

Moria Protocol is fully open source, enabling developers to build alternative front-ends, integrations, and tooling.

See the Developer Resources page for full details, including installation guides and code examples.

Smart Contract Source Code

Community Tools

  • CashLab: github.com/hosseinzoda/cashlab
  • TypeScript library for programmatic Moria integration (@cashlab/moria)
  • Works in Node.js and browser environments

  • API Documentation

  • vegabch CLI: npmjs.com/package/vegabch

  • Command-line tool for interacting with Moria Protocol
  • Developed by hosseinzoda
  • Enables scripting, automation, and alternative interfaces
  • Reduces single-point-of-failure risks by providing decentralized access

These tools allow developers to interact with Moria Protocol independently of the official front-end, supporting the protocol's decentralization goals.