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Rank #1678
mStable Governance: Meta Price (MTA)

mStable Governance: Meta MTA

$0.034493760237 -1.9%
0.00000147 BTC -3.8%
0.00002143 ETH -3.4%
On 9,589 watchlists
$0.033548229085
24H Range
$0.036248610381
Market Cap $1,730,226
Market Cap / FDV 0.5
Market Cap / TVL Ratio 0.12
24 Hour Trading Vol $31,474.30
Fully Diluted Valuation $3,463,692
Total Value Locked (TVL) $14,824,315
Fully Diluted Valuation / TVL Ratio 0.23
Circulating Supply 49,953,228
Total Supply 100,000,000
Max Supply 100,000,000
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mStable Governance: Meta Price Chart (MTA)

Last updated 12:52PM UTC. Currency in USD.
Live Chart
Need more data? Explore our API
1h
24h
7d
14d
30d
1y
-0.5%
-1.9%
-13.4%
-14.1%
-18.1%
-94.9%

mStable Governance: Meta (MTA) price has declined today.

The price of mStable Governance: Meta (MTA) is $0.034493760237 today with a 24-hour trading volume of $31,474.30. This represents a -1.9352963335146764% price decline in the last 24 hours and a -13.387503835030321% price decline in the past 7 days. With a circulating supply of 50 Million MTA, mStable Governance: Meta is valued at a market cap of $1,730,226.

What is MTA?

Meta (MTA) is the governance token of the mStable ecosystem. mStable is currently under the process of decentralizing its operations to create a robust community of incentivized and competent governors to guide the platform through its next phase of growth.

MTA has three core functions:

  1. To coordinate decentralized governance. 
  2. To act as the ultimate source of re-collateralization for the protocol.
  3. To incentivize bootstrapping of mAsset liquidity, utility, and a community of governors.

MTA token holders can stake (i.e., deposit in a governance smart contract) their tokens to become protocol governors, allowing them to govern the mStable protocol, where they can decide on the:

  • Addition/removal of mAssets
  • Addition/removal of bAssets and their max weights
  • Redemption and minting fees of mAssets
  • Selection of oracles

And in return for performing these functions, governors that stake MTA will earn staking rewards in MTA.

What is mStable?

mStable is a protocol that unites stablecoins, lending, and swapping into one robust standard - making them a stablecoin infrastructure. mStable offers a range of services in which users can:

  • Swap: USD stablecoin swaps with zero-slippage. 
  • Save: A non-custodial savings account that allows users to have an mUSD savings account. 
  • Earn: MTA yield farming program to boost the liquidity of mUSD. Users can stake various Liquidity Provider (LP) tokens to earn MTA. 

mUSD is a stablecoin that is backed by USDT, USDC, sUSD, and TUSD. Users can convert mUSD into imUSD to earn returns. Similar to how yUSD by Yearn Finance and Curve works, imUSD is a pool of yield-bearing USD tokens. The underlying USD tokens are lent on decentralized lending markets such as Compound and AAVE. imUSD holders will have three sources of yield:

  1. Lending return 
  2. Swap fees
  3. MTA yield farming rewards

The returns are claimable in the form of mUSD. If one of the USD tokens is de-pegged from USD, staked MTA will be liquidated to re-collateralize mUSD.

Basically, mUSD is a stablecoin and imUSD is the yield-bearing version of it.

The team is looking into releasing other forms of mAssets. mBTC was released in February 2021, backed by wBTC, renBTC, and sBTC, with imBTC being the yield-bearing version of mBTC.

How is mStable different from other stablecoin pools?

Currently, most pooled stablecoins suffer from a problem known as ‘permanent loss’ of peg. For instance, if one of the stablecoin in the pool goes significantly below the peg of $1, users are incentivized to refill the pool up with that stablecoin completely, redeem anything of value, and ultimately draining all value from the pool – potentially leaving the liquidity provider with naught.

mStable is different in that they have a mechanism that caps risk during its re-collateralization process:

mStable sets maximum weights for each underlying asset. A max weight caps the exposure a liquidity provider has to that asset. When an underlying asset reaches its max weight, it will no longer be minted with or swapped out. 
 
Similarly, users can only redeem the full basket at its current proportions when a max weight is hit. 
 
During a permanent peg loss, users can only fill the basket with a failed asset to a maximum degree and only redeem the basket’s net asset value. Therefore, the risk is capped. 

Why was mStable started?

Standard tokenized assets usually have the issues of concentrated counterparty risk and fragmentation. mStable solves this by uniting and collateralizing multiple assets into one optimized asset per peg. mStable was also created to solve these issues that confront stablecoin users:

  • Lack of yield in fiat currencies and stablecoins
  • Lack of protection against capital loss in stablecoins

How to obtain MTA?

You can obtain MTA by purchasing them from cryptocurrency exchanges such as Uniswap or Huobi. You can find MTA trading on various centralized and decentralized cryptocurrency exchanges.

Besides that, as mentioned earlier, you can also earn MTA through staking your MTA on mStable

Where can you buy mStable Governance: Meta?

MTA tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade mStable Governance: Meta is MEXC Global, where the most active trading pair MTA/USDT has a trading volume of $43,847.74 in the last 24 hours. Other popular options include Gate.io and Sushiswap.

What is the daily trading volume of mStable Governance: Meta (MTA)?

The trading volume of mStable Governance: Meta (MTA) is $31,474.30 in the last 24 hours, representing a -4.55% decrease from one day ago and signalling a recent fall in market activity.

What is the all-time high for mStable Governance: Meta (MTA)?

The highest price paid for mStable Governance: Meta (MTA) is $11.03, which was recorded on Aug 31, 2020 (over 2 years). Comparatively, the current price is -99.7% lower than the all-time high price.

What is the all-time low for mStable Governance: Meta (MTA)?

The lowest price paid for mStable Governance: Meta (MTA) is $0.028304679203, which was recorded on Nov 28, 2022 (2 months). Comparatively, the current price is 22.4% higher than the all-time low price.

What is the market cap of mStable Governance: Meta (MTA)?

Market capitalization of mStable Governance: Meta (MTA) is $1,730,226 and is ranked #1678 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of MTA tokens (50 Million tokens are tradable on the market today).

What is the fully diluted valuation of mStable Governance: Meta (MTA)?

The fully diluted valuation (FDV) of mStable Governance: Meta (MTA) is $3,463,692. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Million MTA tokens are in circulation today. Depending on how the emission schedule of MTA tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of mStable Governance: Meta compare against its peers?

With a price decline of -13.39% in the last 7 days, mStable Governance: Meta (MTA) is underperforming the global cryptocurrency market which is up 2.76%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 2.24%.

What is the market sentiment of mStable Governance: Meta today?

There are no votes on mStable Governance: Meta (MTA) today. Be the first to vote and share this with your community.

How to add mStable Governance: Meta (MTA) to MetaMask?

Adding mStable Governance: Meta (MTA) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import MTA as a token. You can copy MTA’s contract address (0xa3bed4e1c75d00fa6f4e5e6922db7261b5e9acd2) and import it manually, or add MTA to MetaMask with one click on CoinGecko.

Add MTA to MetaMask.

mStable Governance: Meta Converter

MTA
USD
USD
1 MTA = $0.034493760237

MTA Price Statistics

mStable Governance: Meta Price $0.034493760237
24h Low / 24h High $0.033548229085 / $0.036248610381
7d Low / 7d High $0.030206781676 / $0.042477684305
Trading Volume $31,474.30
Market Cap Rank #1678
Market Cap $1,730,226
Market Cap Dominance 0%
Volume / Market Cap 0.0182
All-Time High $11.03 -99.7%
Aug 31, 2020 (over 2 years)
All-Time Low $0.028304679203 22.4%
Nov 28, 2022 (2 months)

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