What is MST? 

Meridian Stability Token (MST) is the secondary token issued by the Meridian protocol. It captures fee revenue that is generated by the system and incentivizes early adopters. MST is a tradable ERC20 token and can be traded through the Uniswap exchange on the Base network or can be earned by supporting the Meridian protocol.

MST rewards can be earned by Stability Providers — i.e. users who deposit USDM to the Stability Pool, and Liquidity Providers - users who deposit USDM and/or ETH to the Meridian Liquidity Pool

What is MST's max supply?

MST has a max supply of 10,000,000 tokens.

Is MST a governance token?

No. MST is not a governance token, as there is no Meridian governance.

How can I earn MST?

MST is earned in two ways:

What can I do with MST?

MST holders can stake their tokens to earn the fees generated by loan issuance and USDM redemptions or deposit their tokens in the Multiplier Pool to earn a share of compounded fees generated through the trading interface.

What is MST's distribution schedule?

MST's rewards issuance follows a decay curve with a yearly halving schedule. The purpose of the issuance curve is to favourably incentivize early adopters while also maintaining incentives for the long term. The curves are described by the following functions:

Stability Pool Rewards = 3,000,000 * (1 - 0.5^year)

Liquidity Pool Rewards = 2,500,000 * (1 - 0.5^year)

What are MST's genesis allocations?

Information on MST's genesis allocations can be found here.

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