DeFi Saver’s Recipe Creator a DeFi UX GamechangerRead on the DeFi Pulse Blog

Key Stats

Total Value Locked24H
in USD$54.1M+1.3%
in ETH21.5K ETH-4.9%
in BTC1.4K BTC-8.2%
SUSD Locked10.62M SUSD0 SUSD
% Supply Locked5.23%
Blockchain
Ethereum
Most Locked$SUSD
Protocol Token$MTA

Total Value Locked (USD) in mStable

  • TVL (USD)
  • BTC
  • DAI
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart

What is mStable?

Released in May 2020, mStable is a protocol that builds autonomous and non-custodial stablecoin infrastructure. Three major problems confront stablecoin users: significant fragmentation in same-peg assets; lack of native yield when it is being increasingly demanded by users; lack of insurance against permanent capital loss. mStable's products (SWAP, SAVE and EARN) are built specifically to address these pain-points. mStable assets represent some underlying value peg and are minted/redeemed on-chain via smart contracts. mStable assets are backed 1:1 by a basket of existing tokenised same-base assets. Each mStable asset has an outsized native interest rate that is derived from lending basket assets on third party lending protocols combined with fees collected from the platform and liquidated tokens farmed by the underlying basket assets. Meta (MTA) is mStable’s protocol token, and has three core functions: - To coordinate decentralised governance. - To incentivise bootstrapping of mAsset liquidity, utility and a decentralised community of Governors. - To act as the source of re-collateralisation if it is implemented in future after being approved by governors.


How to use mStable?

Navigate to the mStable App where you can MINT, SWAP, SAVE and EARN using mStable assets, or simply purchase or utilise mASSETs across the DeFi ecosystem, in protocols like Balancer and Uniswap. Those who want to participate in Governance or stake their MTA should navigate to the governance portal

Index Investing in a Decentralized World

Following its stated goal to establish standards that the community can stand behind, DeFi Pulse (through Pulse Inc) has developed different methodologies to tackle the market’s increased interest in tokenized indices, which are spreading wildly across DeFi and becoming more and more popular every day. Today, the second product of the FLI series, the Bitcoin …

2021-05-11Read more >

Founder Fireside Chat with Nour Haridy of Inverse Finance

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. This week in this installment in our Founder Fireside Chat series, we talked with Nour Haridy, Founder of Inverse Finance, about not …

2021-05-07Read more >

Founder Fireside Chat with Mervyn Chng of Unagii

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. This week in our Founder Fireside Chat series, we had the opportunity to chat with Mervyn Chng, Co-founder of Unagii, who’s team …

2021-04-02Read more >

Flexible Leverage Index is Live

The Flexible Leverage Index (FLI) lets you leverage a collateralized debt position in a safe and efficient way, by abstracting its management into a simple index, reproducible by a fully-collateralized ERC20 token built on Set Protocol. The Flexible Leverage Index (FLI, pronounced “fly”) lets you leverage a collateralized debt without having to manage a collateralized …

2021-03-17Read more >