Article Summary, Automatically Generated By AI
About MonoSwap USD
- MonoSwap is a decentralized exchange (DEX) and launchpad integrated with the Blast framework.
- MUSD is a way to give back yield and gas revenue share to MonoSwap users and supporters.
-
Collateral sources:
- User deposits of USDB at market rate to mint new MUSD.
- Part of MonoSwap transaction fees converted to USDB and deposited into collateral.
- Blast’s native yield from ETH, USDB, and gas revenue share deposited into collateral.
-
MUSD features:
- Not pegged, but backed by yield-generating USDB.
- Price
Introducing MonoSwap USD: A Revolutionary Stablecoin
MonoSwap embodies a meticulously crafted, ecosystem-centric, and yield-driven Decentralized Exchange (DEX) and Launchpad, harmoniously integrated with the robust Blast framework, fostering a seamless and efficient trading experience.
We’re proud to introduce MUSD, a unique initiative designed to redistribute the native yield and gas revenue share generated by Blast, as well as other revenue streams, back to our valued MonoSwap users and loyal supporters.
The collateral is sourced from the following: users who deposit USDB at the prevailing market rate to mint new MUSD; a portion of the transaction fees generated on MonoSwap, which are converted to USDB and deposited into the collateral, thereby backing MUSD, without increasing its circulation; and Blast’s native yield from ETH, USDB, and gas revenue share, which is aggregated in the Mono Treasury, converted into USDB, and deposited into the collateral to back MUSD, also without putting new MUSD into circulation.
MUSD Features – MUSD boasts a unique value proposition, backed by the yield-generating USDB, Blast’s innovative auto-rebasing stablecoin. Notably, MUSD’s price is insulated from downward pressure, ensuring it never falls below the value of USDB. Moreover, MUSD retains its value even when all holders sell, and its value can surge rapidly following a significant market correction. At any time, holders can redeem MUSD for USDB. Furthermore, the growth of MUSD’s value is carefully calibrated, with no capped supply.