What Is Meta.org ? (MTA) Complete Guide & Review About Meta.org

What Is Meta.org?

Meta.org (MTA) and mStable (MUSD) are parts of an autonomous, non-custodial stable coin infrastructure that is designed to provide a decentralized finance (DeFi) platform and a base layer collateral protocol on which DeFi applications can be built. stable is a meta-asset platform with an aim of creating assets that are better than the sum of their parts.

The Meta (MTA) token is mStable’s protocol token and has three functions: coordination of decentralized governance, incentivization of bootstrapping of mAsset liquidity and utility and empowerment of a decentralized community of Governors.

Meta.org as such, governs mStable, and each system parameter is determined by the users. To participate in the governance, the users have to stake MTA and vote on the proposals, thereby becoming a Meta Governor.

Meta.org Storage Key Points

Features

Mint and Minting

Meta.org Minting and redeeming is the exchange of a bAsset for its corresponding mAsset at a 1:1 ratio. Minting and redeeming increases or decreases the number of mAssets in circulation. Each mAsset uses a smart contract to facilitate minting and redemption and hold its collateral.

Meta.org user sends a bAsset to the mAsset’s smart contract. Minting a mAsset offers immediate low slippage conversion of a bAsset into its corresponding mAsset. A mint is valid if it does not push any of the bAsset collateral levels past their predefined minimum or maximum weight.

Swap

Meta.org Swapping is the exchange between one whitelisted bAsset and another at a 1:1 ratio. Swaps do not affect the number of mAssets in circulation. The mStable protocol pools pegged crypto assets of similar value. For example, mUSD will pool USD pegged crypto assets, mBTC will pool tokenised BTC and so on.

These pegged crypto assets are selected by Governors and are deemed to have adequate security guarantees against peg loss. This has important implications, one being: any deviation from the peg of an underlying asset is highly likely to be impermanent.

Meta Governance

Meta.org Governors are responsible for the setting and maintenance of mStable system parameters The Meta token lies at the heart of mStable. It is what co-ordinates mStable governance. Every participant in the mStable protocol has the option of earning the token. MTA is what enables mStable to be a collective, decentralized protocol.

The token is built to coordinate decentralized governance by incentivizing stakeholders to act in the best interests of mStable. Governors are responsible for the setting and maintenance of mStable system parameters.

Security

Meta.org Ensuring the security and optimisation of a live protocol requires a multi faceted approach. In addition to a macro-level architecture and a robust governance decentralization plan, the micro-level architecture, code formatting, documentation, testing procedures and auditing play vital roles in the process.

How Is the Meta Network Secured?

Meta.org mStable keeps the network secure through a multi-faceted approach. There is a macro-level architecture with a robust governance decentralization plan and a micro-level architecture where code formatting, documentation, testing procedures and auditing play vital roles. There is also an open reward pool for the discovery and reporting of vulnerabilities found within the mStable protocol.

Meta Token

Meta.org (MTA) is mStable’s native protocol token serving three primary functions: 

• To act as the ultimate source of re-collateralization
• To coordinate governance
• To incentivize the bootstrapping of mASSET liquidity, utility, and a community of Governors

The Within the mStable protocol, re-collateralization is the mechanism that protects mASSETS when a bASSET loses its peg. For this to work, MTA is deposited into an mASSET contract to over-collateralize the mASSET. In the event that a basset loses its peg, mStable governors vote to remove the bASSET from the basket.

The MTA in the contract is then sold for the corresponding mASSET and the purchased mASSETS are burned until the remaining pool of that mASSET is equal to the rest of the basket, and the system is re-collateralized. This mechanism is set to launch with mStable Phase

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