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About mStable Governance Token: Meta (MTA)
Key Points:
- Meta (MTA) is the protocol token of mStable, a decentralized finance (DeFi) platform.
- MTA has three functions: governance, incentivization, and community empowerment.
- mStable was co-founded by James Simpson and Henrik Andersson.
- mStable provides a stablecoin liquidity pool, addressing liquidity and yield issues.
- MTA has a circulating supply of 17,336,544 tokens and a maximum supply of 100,000,000.
- mStable’s security is ensured through a multi-faceted approach, including governance decentralization and code auditing.
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Introducing mStable Governance Token: Meta (MTA)
Introducing Meta (MTA): A Comprehensive Overview
Meta (MTA) and mStable (MUSD) constitute the foundation of a decentralized, autonomous, and non-custodial stablecoin infrastructure, designed to facilitate a decentralized finance (DeFi) platform and a base layer collateral protocol, thereby empowering the development of DeFi applications. As a meta-asset platform, mStable strives to create assets that surpass the sum of their constituent parts, fostering a synergy that yields enhanced value.
The Meta (MTA) token serves as mStable’s protocol token, fulfilling three pivotal functions: facilitating decentralized governance coordination, incentivizing the bootstrapping of mAsset liquidity and utility, and empowering a decentralized community of Governors.
As such, Meta exercises governance over mStable, with each system parameter being determined by the collective will of its users. To assume a role in this governance, users must stake MTA and cast their votes on proposals, thereby earning the esteemed title of Meta Governor.
The Visionaries Behind Meta: Unveiling the Founding Team
mStable was co-founded by James Simpson and Henrik Andersson, a dynamic duo who brought their vision to life.
At the helm of mStable is James Simpson, who brings a wealth of experience as a seasoned investment analyst, having previously held a position at Apollo Capital.
Henrik Andersson assumes the role of lead advisor at mStable, while also serving as an advisor at Meld Gold and holding the position of Chief Investment Officer (CIO) at Apollo Capital.
Simpson and Andersson, having crossed paths at Apollo Capital, collaborated on various stablecoin and lending platform projects, ultimately deciding to merge lending, swapping, and saving into a unified standard. Their primary objective was to eliminate the pain points that users of existing stablecoins frequently encountered, a vision that would eventually take shape as mStable.
Unveiling the Unparalleled Essence of Meta
mStable offers a stablecoin liquidity pool, essentially a non-custodial smart contract that facilitates deposits of pre-approved stablecoins.
SWAP tackles the pressing issue of liquidity fragmentation across diverse stablecoins and assets, ensuring that the MUSD token remains fully redeemable for any underlying asset at a 1:1 parity, regardless of market fluctuations. This innovative approach eliminates slippage entirely, while a linear bonding curve implementation gives rise to substantial swap volumes, driven by users capitalizing on price discrepancies through arbitrage.
SAVE resolves the yield conundrum by proffering an attractive annual percentage yield (APY). By holding MUSD, users gain access to the MUSD high savings rate, which is a synergistic blend of interests accrued through the automatic lending of underlying assets to Save and Compound.
MINT facilitates the creation of MUSD, a crucial step in addressing mStable’s remarkably high Annual Percentage Yield (APY). Notably, the existing 14 million stablecoins have given rise to a substantial 40 million MUSD, which serves as the collateral backing the circulating supply.
EARN incentivizes users to contribute to MUSD liquidity through decentralized finance (DeFi) platforms. Its overarching objective is to significantly enhance the utility and liquidity of MUSD. To achieve this efficiently, mStable strategically distributes MTA.
mStable amplifies liquidity by aggregating participants from diverse asset markets, enhances safety by diversifying risk through multiple pegging mechanisms, and alleviates congestion by incentivizing liquidity provision within the system.
What Is the Circulating Supply of Meta (MTA) Coins?
As of March 2021, Meta (MTA) boasts a circulating supply of 17,336,544 tokens, with a capped maximum supply of 100,000,000 MTA.
The Meta Network’s Security Framework: A Robust Defense Mechanism
mStable ensures the integrity of its network through a multi-pronged approach, comprising a macro-level architecture that incorporates a robust governance decentralization plan, as well as a micro-level architecture that prioritizes meticulous code formatting, comprehensive documentation, rigorous testing procedures, and stringent auditing protocols.
A further incentive exists in the form of an open reward pool, designed to encourage the discovery and responsible disclosure of vulnerabilities within the mStable protocol.
Acquiring Meta (MTA): A Comprehensive Guide to Exchanges and Trading Platforms
Meta (MTA) is actively traded on a variety of prominent cryptocurrency exchanges, including:
- Huobi Global, a stalwart in the digital asset realm
- FTX, a derivatives powerhouse
- Bitribe, a trailblazer in the cryptocurrency space
- ZT, a rising star in the exchange landscape
- WBF Exchange, a prominent player in the global market
Discover the ins and outs of acquiring Bitcoin (BTC) and other digital currencies in one convenient location.
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