MUMMY Finance
Launch App
  • Introduction
  • Audits
  • Tokenomics
    • Staking lzMMY on Optimism
  • Rewards
  • Earn
    • MLP
    • MSLP
      • Multi-asset Minting (Fantom Opera)
  • Trade
    • Trading V1
    • Trading V2
      • Positions
        • Profit, Loss, and ROI
        • Increase Collateral/ Leverage
        • Add to Position
        • Triggered Orders
        • Edit Triggered Orders
        • Close Position
      • Platform Mechanics
        • Pyth Price Feed
        • Fees
        • Risk Mitigation
    • Asset Pairs and ID
  • Swap through Aggregator
  • Prediction
    • How to Use Prediction
    • Prediction FAQ
    • Prediction Troubleshooting
  • Wormhole Bridge
    • Wormhole Bridge Guide
    • Wormhole Bridge FAQ
  • Mummy NFT
    • Mummy Club on Fantom
      • Why should you buy Mummy Club NFT?
      • The early bird gets the fat worm
      • Mummy Club Sale Details
      • How to buy and earn with Mummy Club NFT
      • How to stake Mummy NFT and Real Yield on Mummy
    • Mummy Rebirth NFT on Fantom
      • Mummy Rebirth Benefits
      • Mummy Rebirth Sale Details
      • ⚠️Cautions
      • How to mint Mummy Rebirth?
      • FAQs
    • Mummy Club on Optimism
      • Why should you mint NFTs on Optimism Mummy Club?
      • Mummy Club 2nd collection sales details
      • How to buy and earn with Mummy Club NFT on Optimism
  • Social Features
    • Referrals V1
    • Referrals V2
    • Position Share
  • Helpful Guides
    • Trade Guide
      • Deposit/ Withdraw Collateral
      • Open/ Close a position
      • Edit Position
        • Add to position
        • Increase Leverage
        • Increase Collateral
        • Add Take Profit/ Stoploss
        • Add Trailing Stop
    • Connect Wallet
      • Connect with MetaMask
      • Connect with CoinBase
      • Backup RPC URLs
  • Contracts
    • Contracts V1
    • Contracts V2
  • Mobile
  • Community Groups
  • Terms Of Use
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  • Minting/Redeeming
  • Why MSLP?
  • MSLP Liquidity Pool
  • Staking Rewards
  1. Earn

MSLP

PreviousMLPNextMulti-asset Minting (Fantom Opera)

Last updated 1 year ago

MSLP Contract Address

Fantom: 0x25162a2D9B5D359e8A98394947195080997a6EC4
Optimism: 0xBA4DA42B991CA2dE2D1Cdd73A3F1aB0bf51a3908

Minting/Redeeming

Stake USDC, USDT, DAI directly from a Web3 wallet by entering the desired amount of MSLP to mint.

Redeeming MSLP is just as simple by entering the amount of MSLP.

Why MSLP?

MSLP provides liquidity for traders, allowing them to take positions with leverage. If traders take a loss, then MSLP holders will make a profit; if traders take a profit then MSLP holders will make a loss.

Although MSLP value is market neutral and is not directly affected by the crypto market volatility, holding MSLP still bears risks. For taking these risks, MSLP stakers can earn 70% of the platform fees generated via trading activity on Mummy V2.

Smart Contract risk: Mummy V2 smart contracts are fully audited but nonetheless some inherent risks will always exist with any smart contracts.

Counterparty risk: If traders make profit, that profit is paid to the trader out of the MSLP pool.

Depegging risk: In the unlikely scenario that USDC, USDT, DAI depegs, MSLP is directly affected.

The open interest available for the perpetual platform is limited by the total stablecoin amount available in MSLP per chain. Traders cannot open a new position if the total platform open interest meets or exceeds the total TVL in MSLP.

MSLP Liquidity Pool

A portion of all protocol generated [GGG] fees including opening/closing positions, minting MSLP, borrow fees, and excess funding fees as well as any losses [LLL] from traders realized P&L and liquidations go towards the MSLP vault (chain specific) causing it's price to go up over time. Any profits [PPP] from traders realized P&L are paid out from the MSLP vault causing its price to decrease. Overall, it is expected and highly probable that the price of MSLP will gradually increase over time as net inflow exceeds net outflow.

The MSLP price is based on the number of USD and MSLP in the vault, at any time, where:

Staking Rewards

By staking their MSLP, users receive FTM or ETH and vMMY. The vMMY earned from staking MSLP can be vested (to earn MMY with 1:1 ratio) without the need of a reserve amount.

You cannot use vMMY to stake and earn rewards; you can only vest it to MMY.

After staking, your MSLP will be locked for 2 weeks. The timelock will reset every time you stake more MSLP or claim rewards.

  • The time lock period for MSLP and the vesting time of vMMY resets each time you deposit more vMMY.

  • The time lock period for MSLP resets when you withdraw vMMY from vesting.

  • The time lock period for MSLP resets when you claim vested MMY.

  • The duration for vesting is 1 year.

  • Each time you deposit more vMMY, the vesting duration will be reset.

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