The built-in stability mechanisms within the protocol aim to maintain mUSD's peg of 1 mUSD = 1 BUSD in the long run.
mPOWER is the governance token of mUSD Protocol.
Moneyrain Shares (mSHARE) are one of the ways to measure the value of the Moneyrain Finance Protocol and shareholder trust in its ability to consistently maintain mUSD close to peg.
mSHARE has a maximum total supply of 55,001 tokens distributed as follows:
- 1.Team Allocation: 5,500 mSHARE vested linearly over 12 months
- 2.Rewards: 50,000 mSHARE are allocated for incentivizing liquidity providers in 4 farming pools for 12 months
- 3.Initial mint: 1 mSHARE minted upon contract creation for the initial pool
The main purpose of Moneyrain Bonds (mBOND) is to help incentivize fluctuations in the mUSD supply during epoch contraction periods. When the TWAP (time-weighted average price) of mUSD falls below 1 to 1 BUSD, mBONDs are issued and can be bought with mUSD at the current price.
All mBOND holders will be able to redeem their mBOND for mUSD tokens as long as the treasury has a positive mUSD balance, which typically happens when the protocol is in epoch expansion periods.