💸┃MUSD
USDB Backed Rebase Token
MUSD is our way of giving back the native yield and the gas revenue share from Blast, along with other sources of revenue, to MonoSwap's users and supporters.
The collateral comes from:
Users deposit USDB at the market rate in order to mint new MUSD.
Part of the fees from transactions on MonoSwap will be converted to USDB and deposited into the collateral to back MUSD. This deposit does not put new MUSD in circulation.
All of Blast's native yield from ETH, USDB, and gas revenue share will be gathered in the Mono Treasury then converted into USDB and deposited into the collateral to back MUSD, which does not put new MUSD in circulation too.
MUSD Features
MUSD is not pegged but backed by the yield-generating USDB - Blast's auto-rebasing stablecoin
With a unique mechanism, MUSD's price does not go down, and can't be lower than USDB
MUSD holds value down to the last holder even when everyone sells out
The value of MUSD can increase faster after a massive dump
Anyone can redeem MUSD for USDB at any time
Value growth is attentively controlled
There’s no maximum supply
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