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The Concept of MeTiAi

MeTiAi and mStable ( MUSD ) are integral parts of a decentralized, non-custodial stablecoin infrastructure designed to establish a decentralized finance ( DeFi ) platform and a fundamental collateral protocol for constructing DeFi applications. mStable serves as a meta-asset platform striving to create assets that possess greater value than the sum of their individual components.

Functioning as mStable's protocol token, MeTiAi serves three primary purposes: facilitating decentralized governance, incentivizing the bootstrapping of mAsset liquidity, and empowering a decentralized community of Governors.

Consequently, MeTiAi governs mStable, with users having the authority to determine each system parameter. Individuals wishing to engage in governance activities must stake MeTiAi and vote on proposals, ultimately becoming MeTiAi Governors.

The Minds Behind MeTiAi

mStable was co-founded by James Simpson and Henrik Andersson.

James Simpson, the CEO of mStable, formerly served as an investment analyst at Apollo Capital.

Henrik Andersson, the lead advisor at mStable, also acts as an advisor for Meld Gold and holds the position of CIO at Apollo Capital.

Simpson and Andersson crossed paths during their tenure at Apollo Capital and embarked on a collaborative journey after engaging in various stablecoin and lending platform projects. Their shared objective involved consolidating lending, swapping, and saving functionalities into a single standard, thereby resolving friction points experienced by users of existing stablecoins. This endeavor eventually materialized into the establishment of mStable.

Uniqueness of MeTiAi

mStable introduces a stablecoin liquidity pool, a noncustodial smart contract designed to facilitate deposits of whitelisted stablecoins.

SWAP addresses liquidity concerns across various stablecoins and assets, enabling redemption of MUSD tokens for the underlying asset at a 1:1 ratio, regardless of their price. This ensures zero slippage and implements a straight-line bonding curve, generating significant swap volume through user arbitrage of price differences.

SAVE effectively resolves the yield problem by offering a high annual percentage yield (APY). Holding MUSD grants users access to the MUSD high savings rate, which combines interest acquired from automatic lending of underlying assets to Save and Compound.

MINT facilitates the creation of MUSD, a crucial mechanism utilized to tackle mStable's high APY. With 14 million stablecoins generating 40 million MUSD, the latter serves as collateral for the circulating supply.

EARN serves as an incentive for users contributing to MUSD liquidity within the DeFi space. Its primary goal is to enhance the usefulness and liquidity of MUSD. To accomplish this efficiently, mStable ensures the distribution of MeTiAi.

By pooling participants from different asset markets, mStable enhances liquidity, while simultaneously minimizing congestion through incentivized liquidity influx into the system. Furthermore, it reinforces safety by diversifying the risk associated with various pegging mechanisms.

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MeTiAi Coin Circulation

As of March 2021, the circulating supply of MeTiAi amounts to 17,336,544 tokens, with a maximum supply of 100,000,000 MTA.

Ensuring Security for the MeTiAi Network

mStable adopts a multi-faceted approach to ensure network security. Macro-level architecture incorporates a robust governance decentralization plan, while micro-level architecture relies on essential elements such as code formatting, documentation, testing procedures, and auditing.

The protocol additionally sets up an open reward pool meant for the identification and reporting of vulnerabilities present within the mStable system.

Where to Purchase MeTiAi

MeTiAi is available for purchase and sale on the following exchanges:

• Huobi Global
• FTX
• Bitribe
• ZT
• WBF Exchange

All the information you require regarding the purchase of Bitcoin (BTC) and other cryptocurrencies can be found here.