What Is MoonDao (MD) ?
MoonDao (MD) ? is a decentralized reserve currency protocol based on the MD token. Each MD token is backed by a basket of assets (e.g. DAI, USDC) in the treasury, giving it an intrinsic value that it cannot fall below. This also introduces unique economic and game-theoretic dynamics into the market through staking and bonding. Read more about the game theory aspect of the in one of the blog posts.
MoonDao (MD)$MD is not a stable coin. It utilizes fractional treasury reserves to extract intrinsic value. becoming an algorithmic reserve currency, will therefore provide free floating value. is a fork of OHM built on the Moon river network.
MoonDao (MD)Once MD is staked, your balance will increase with the circulating supply, meaning, even if you miss out on a lower price, your MD balance will increase due to the staking protocol. Therefore, you will be generating a staking income, reducing your risk, even at a higher price.
MoonDao (MD) Token Storage Key Points
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
What is the Point of MoonDao?
MoonDao (MD) goal is to build a policy-controlled currency system, in which the behavior of the MD token is controlled at a high level by the DAO. In the long term, believe this system can be used to optimize for stability and consistency so that MD can function as a global unit-of-account and medium-of-exchange currency. In the short term, intend to optimize the system for growth and wealth creation.
Who Runs MoonDao?
MoonDao (MD) No one. is DAO-governed. All decisions are formed by community members on the forum and made by token holders through snapshot voting.
Has MoonDao been Audited?
MoonDao (MD) At this stage, there is no need for to be audited as is a fork of OHM contracts. This means the protocol has already been audited twice! One by Peckshield and one from Omniscient. They are available here:
MoonDao (MD) Initial Network State Their initial goal is not to find a stable price. This may seem antithetical to their currency aspirations, but the ensure you it is not. can be tuned to optimize for different things. The main tradeoff is volatility and profitability versus stability and consistency. With volatility and profit comes growth; this is what they want early on.
MoonDao (MD) With tight policy and scale, should function well as a stable asset. Upward and downward pressures should stabilize at some non-intrinsic value. With loose policy, regardless of scale, has the potential to act as a wealth creation machine. The market premium of the token measures the positive sum of the game; all extrinsic value is new wealth created.
MoonDao (MD) The initial network features a one-way treasury (money goes in, none comes out), the bonding contract (through which supply increases and profits are produced), and the staking contract (where profits are distributed).The following are the initial policy states:
- BCVBCV varies based on bond types. It is tuned regularly by the Policy team to meet the protocol goals. For example, if the protocol wants to accumulate more liquidity into its treasury, it can lower the BCV for liquidity bonds to increase their bond capacity. To view the BCV targets for different bond types.
- Bond vesting terms It is approximately five days for all bond types.
MoonDao (MD) Stakers care primarily about their MD balance. While price is important in valuing their MD and determining the rate at which it grows, it is not the main goal. A smart stake cares only about the short and long term growth prospects of the network. That growth translates into wealth via price and balance growth. Bonders care primarily about MD price. When they bond, these users lock in a fixed reward in MD.
MoonDao (MD) Therefore, network profitability is only helpful in calculating opportunity cost or gain; bonders have their MD gains locked in. The ideal scenario for a bonder is for price to go up; in this case, the bonder benefits from their discount on MD and the increase in price. Bonders are still happy if price remains flat; their profit is the discount from the bond.
MoonDao (MD) Like stakes, bonders profit from inactivity at or around their buy in via an increasing balance. Bonders only lose when price goes down beyond the discount on the bond. At this point, the bonder will choose between the MD or the SLP, depending on which one is worth more. Bonders always get to choose the better of the two assets, effectively combining the best pieces of both assets’ risk to reward profiles.