2022-04-18 23:30:10
How to purchase mStable USD (MUSD)

What is mStable USD
What Is mStable USD (mUSD)?
mStable is autonomous and non-custodial stablecoin infrastructure designed to provide decentralized finance platforms and protocols with a base layer collateral protocol on which DeFi applications can be built. mStable is a meta-asset platform that aims to create assets stronger than the sum of their parts.
mUSD is a mStable asset (mAsset) backed by a basket of USD-pegged stablecoins with features such as:

Deep liquidity pool for efficient and low slippage stablecoin exchange
Mintable by, and redeemable for, a specific underlying asset or basket of assets
A low risk native interest rate that provides high yield by combining lending income and trading fees.
mUSD dApps include:
SWAP - Swap USD stablecoins with zero-slippage
SAVE - USD savings account for anyone, anywhere

Who Are the Founders of mStable?
mStable was founded by James Simpson and Henrik Andersson, who met while at Apollo Capital. After working hands-on with several stablecoins and lending platforms, they began work to unite lending, swapping and saving into a single standard and attempt to solve various points of friction existing stablecoin users encounter.
This project became mStable, with a genesis team of 9 people and a community of thousands lending their voice and votes to govern the protocol via decentralized governance.
What Makes mStable USD (mUSD) Unique?
mUSD is a representation of its underlying stablecoins, making it a more abstracted and secure representation of USD on chain. It can be minted and redeemed permissionlessly via the mStable smart contracts using any whitelisted USD-pegged stablecoin. mUSD is also unique because it offers some of the best risk adjusted saving APYs in DeFi. This APY comes from multiple sources, drawing from swap fees, lending income, and liquidated tokens farmed by the mStable contracts. mStable is governed by a diverse community of stakeholders , all of whom come together to provide ideas, comments, and vote on proposals aimed toward improving the mStable protocol.
Related Pages:
Learn more about mStable Meta here.
How to buy MUSD?
  • How to buy MUSD on Neko Invest app
    For more information:
    How to download and use Neko Invest app
    • Step 1 :  Create/Login to your Neko Invest app account
    • Step 2 :  Go to Market page, click on the Search icon and search MUSD in the search bar.
    • Step 3 :  Click on MUSD logo and choose Invest.
    • Step 4 :  Entering the amount of MUSD that you want to buy. Then click on the Get Quotes button.
    • Step 5 :  Swipe the Swipe to swap button and now you own MUSD. You can check your MUSD balance in your wallet by going to Wallet page.
Contract Addresses
mStable USD (Ethereum) : 0xe2f2a5c287993345a840db3b0845fbc70f5935a5
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