MoonYield
  • 💎Welcome to MoonYield
  • ✍️Introduction
  • 💸Borrowing
  • ⚖️Stability Pool & Liquidations
    • ⚖️Moonshare Staking
  • 🏦Redemptions & MUSD Price Stability
  • 🌙Moonshare Rewards & Distribution
  • 🚑Recovery mode
  • ☠️Risks
Powered by GitBook
On this page

Introduction

MoonYield is a decentralized borrowing protocol built on the Binance Smart Chain. It enables users to access interest-free loans by collateralizing their MSS. Loans are issued in MUSD, a USD-pegged stablecoin. The protocol is governed by the Moonshare Token. Key Features: Interest-Free Borrowing: Borrowers can take out loans without incurring interest.

MUSD Stablecoin: Loans are issued in MUSD, which is soft-pegged to the USD.

Fully Decentralized: Moonyield operates with no central authority. Tokens: MSS (Mint Stake Share) token: The featured utility token of the Moonyield platform. MUSD (Moon USD): MUSD is the stablecoin issued by the MoonYield protocol. It is soft-pegged to the USD.

Moonshare Token: Moonshare is earned by Stability Pool participants and through other incentivized activities.

How It Works: Collateralization:

Users deposit MSS into the protocol as collateral to open a Vault. The collateral must maintain a minimum ratio of 150% relative to the borrowed MUSD. Borrowing: Borrowers can withdraw MUSD up to their borrowing limit, determined by the collateral ratio. A one-time borrow fee ( 2% ) is applied to the loan.

Redemption: MUSD holders can redeem their tokens for MSS at face value, ensuring the stability of MUSD's USD peg. A redemption fee incentivizes stability and discourages frequent redemptions.

Liquidation: If a Vault's collateral ratio falls below 150%, that Vault is liquidated to ensure the system's solvency. Stability Pool: Users can deposit MUSD into the Stability Pool, which is used to absorb liquidated debt. Depositors earn MSS and Moonshare rewards.

MoonShare Tokenomics

100 Million token hard cap

2 Million presale 2 Million initial liquidity 32 Million stability pool rewards Remaining supply will be used to fund LP bonding for protocol owned liquidity and other incentives to benefit the protocol

PreviousWelcome to MoonYieldNextBorrowing

Last updated 3 months ago

✍️