Moria v0
Moria v1 will supersede Moria v0 on May 30th, according to the testrun description.
This page describes Moria v0. Interest-free borrowing on Bitcoin Cash. Moria is a protocol oracle-based borrowing against BCH collateral.
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0% interest rate
Moria protocol charges no interest rates. There is a one-time fee to borrow MUSDv0.
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110% Colleteral Ratio*
Moria protocol is capital efficient, requiring low amount of collateral.
*Under normal operation
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Decentralized protocol
MUSDv0 stands as a censorship-resistant, decentralized stablecoin.
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Open Source
Moria v0 is licensed under OSI approved open source license.
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: Ensure your loan meets the collateral requirements to avoid becoming an open repayment opportunity
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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