mStable Governance: Meta
MTA Price
How is the price of mStable Governance: Meta (MTA) calculated?
The price of mStable Governance: Meta (MTA) is calculated in real-time by aggregating the latest data across 6 exchanges and 6 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
mStable Governance: Meta Price Chart (MTA)
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| 0.0% | 1.5% | 2.3% | 1.5% | 4.0% | 8.2% |
MTA Converter
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Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$1,559,198 |
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
0.57 |
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Market Cap / TVL Ratio
Ratio of market capitalization over total value locked of this asset. A ratio of more than 1.0 refers to its market cap being greater than its total value locked.
MC/TVL is used to approximate a protocol’s market value vs. the amount in assets it has staked/locked. |
0.51 |
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Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$2,735,355 |
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Fully Diluted Valuation / TVL Ratio
Ratio of fully diluted valuation (FDV) over total value locked (TVL) of this asset. A ratio of more than 1.0 means that the FDV is greater than its TVL.
FDV/TVL is used to approximate a protocol’s fully diluted market value vs. the amount in assets it has staked/locked. |
0.9 |
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24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$704.88 |
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Total Value Locked (TVL)
Capital deposited into the platform in the form of loan collateral or liquidity trading pool.
Data provided by Defi Llama |
$3,036,564 |
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Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
49,953,228
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Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
87,634,640 |
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Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
100,000,000 |
Snapshot
MTA Historical Price
| 24h Range | $0.02997 – $0.03175 |
|---|---|
| 7d Range | $0.02953 – $0.03242 |
| All-Time High |
$11.03
99.7%
Aug 31, 2020 (over 4 years)
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| All-Time Low |
$0.02322
34.4%
Nov 15, 2024 (2 months)
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How do you feel about MTA today?
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:
- To coordinate decentralized governance.
- To act as the ultimate source of re-collateralization for the protocol.
- 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:
- Lending return
- Swap fees
- 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 Gate.io, where the most active trading pair MTA/USDT has a trading volume of $662.64 in the last 24 hours. Other popular options include Uniswap V2 (Ethereum) and Balancer V2 (Polygon).
What is the daily trading volume of mStable Governance: Meta (MTA)?
The trading volume of mStable Governance: Meta (MTA) is $704.88 in the last 24 hours, representing a -63.90% 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 BTC0.0009401, which was recorded on Aug 31, 2020 (over 4 years). Comparatively, the current price is -99.70% 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 BTC0.062446, which was recorded on Nov 15, 2024 (2 months). Comparatively, the current price is 34.40% 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 BTC14.9357 and is ranked #3470 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 BTC26.2021. 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 -2.30% in the last 7 days, mStable Governance: Meta (MTA) is underperforming the global cryptocurrency market which is up 2.40%, while underperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.
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 if you've installed MetaMask's chrome extension, add MTA to MetaMask with one click on CoinGecko.
Add MTA to MetaMask.
mStable Governance: Meta Markets
| # | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | Trust Score | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
CEX
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$0.03123436105408190800000000000000000 | 1.5% | $5 | $3 | $662.00 | 94.01% |
Recently
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| 2 |
DEX
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$0.0311480647428895200000000000 | 0.61% | $1,468 | $1,463 | $40.00 | 5.74% |
Recently
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| 3 |
DEX
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$0.028954157560015140000000000000000000000000000000000000000000000000000 | 0.64% | $278 | $277 | $1.00 | 0.25% |
Recently
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| 4 |
DEX
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$0.031383869517306900000000000000000000000000000000000000000000000000000000000000000 | 0.64% | $140 | $140 | $23.00 | 3.33% |
2 days ago
Inactive - No trades in the last 3 hours
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| 5 |
DEX
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$0.030276783501044097000000000000000000000000000000000000000000000000000000000000000000 | 0.71% | $70 | $70 | $22.00 | 3.4% |
3 days ago
Inactive - No trades in the last 3 hours
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| 6 |
DEX
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$0.9995740572421782000000000000 | 0.6% | $5,222 | $5,206 | $13.00 | 1.92% |
4 days ago
Inactive - No trades in the last 3 hours
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