It’s been a wild month in crypto, and while we’re all busy here progressing down the road of decentralization and enabling a fairer and more transparent way of conducting business around the world, the mStableDAO has acted upon this recent vote by Meta Governors to allocate a portion of our idle treasury funds into the recently launched dHEDGE Top Index Pool.
You can follow the deposit of the funds into the dHEDGE DAO here, and the corresponding arrival of the pool tokens into our treasury here. We will also regularly keep our community in the loop regarding performance of our investment via transparency reports that will start happening very soon and be published on a quarterly basis.
Building Awesome, Together
After our recent collaboration with the Synthetix sDAO, we’re set to continue down this path in the coming weeks and months, and this stop here marks yet another great milestone on the journey ahead.
The dHEDGE Top Index Pool mirrors the top fund managers on dHEDGE, enabling us thus to spread our risk and reward accordingly throughout the ecosystem, while at the same time collaborate with dHEDGE directly to enable mUSD deposits for all of their pools via their new and innovative Fast Oracle eXchange technology. Noice!
We firmly believe that moving forward, we are going to see more and more interaction between the different DAO ecosystems in the crypto space, and considering how easy and smooth we can all now work together to achieve common goals, the possibilities are indeed almost limitless:
On top of all this, dHEDGE will deposit their received mUSD directly into our Save Vault, which allows them to not only get a high return, but additionally receive MTA, which creates a virtuous cycle of having voting power go into the hands of players that have real skin in the game, and thus have good reason to participate in the sound governance of our protocol to keep the mStable ship well aligned to the final frontier.
One Small Step…
We believe that as we’re moving closer to a borderless monetary future, interactions like the one we had the pleasure to experience with dHEDGE will mark the forefront of deeper interactions between DAOs and companies around the world, and as we’re rolling out more and more aspects of such mutually beneficial agreements, mStable will become an ecosystem not only for risk-adjusted tokens of all kinds, but an integral part of bridging the gap between the different blockchains in the metaverse in a trustless and frictionless manner.
mStable allows users to hedge their risk of stable-pegged assets against unforeseen events in the future, while at the same time offering industry leading returns, composability, and an excellent entry point into the wider world of DeFi!
We’re all pioneers in the peaceful transition to a better financial world for all.
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