Roadmap

Overview

This page overviews the roadmap and completed milestones.

Deployment of MUSDv1 (May 2025 ➡️)

MUSDv0 showed that incentives need to be improved to maintain a higher degree of peg stability. MUSDv resolves this by making loans with lowest levels of collateralization redeemable.

In MUSDv1 the lowest collateralized loan will be redeemable at face value (1 MUSD = $1 worth of BCH, using the protocol’s price feed).

Test run MUSDv0 (December 2024 ➡️ May 2025)

The initial test run of MUSD will be concluded with “Sunset Day” in which all MUSDv0 tokens can be redeemed for BCH at face value (1 MUSD = $1 worth of BCH, using d3lphi oracle). Sunset Day is further documented in Test run #1 Document.

Results from test run

The features of the protocol have worked as intended. Users have been able to create loans, repay, add collateral and liquidate loans without issues. Moria protocol has shown that Bitcoin Cash is a mature platform to develop a stablecoin.

Preliminary findings show that incentives have not been strong enough to keep the asset stable at $1, which will be resolved in MUSDv1.

During high market movements, or during temporary oracle outage, it may be too risky to have liquidation limit at 110%. For next test run this will be bumped to 120%.

MUSD Feature Roadmap

Feature	Description	Progress
Loan Activity	See your and public loan activity	Completed
Redeemable loans	Redeem MUSD for BCH at face value	Completed
Sunset Day	Redeem 1 MUSD for 1$ (1MUSDv0 = $1 of BCH)	Completed
MUSDv1	Improved contract peg incentives	Completed
Loan NFTs	Let loans be owned by an NFT, allowing loans to be transferrable and wrappable into other contracts.	Completed
Partial payment	Allow loans to be partially repaid.	Complete
Change collateral	Allow reduction/increase of collateral	Complete
Change interest rate	Allow changing interest rate	In work
Increase loan	Increase loan with existing collateral	In work