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Stablecoin trading is one of the essentials in any ecosystem. If in Ethereum, you exchange Stablecoins like DAI, USDC through Curve, what project will it be in Celo? It’s Mobius.
In this article, CHK will provide you with detailed information including:
- What is Mobius? What are the highlights of the project’s operating mechanism?
- Detailed information about tokenomics and how to store, buy and sell Mobi Token.
- Development roadmap and team, strategic partners of the project.
- Some projects are similar to Mobius so that you can evaluate the development potential of this project.
Let’s find out together!
What is Mobius?
Mobius is an automated market-making protocol (AMM DEX) decentralized exchange based on the mechanism of Saber and Curve, built on the Celo ecosystem.
Mobius allows users to swap Stablecoins with a low price slip, to increase the efficiency of capital use instead of a simple AMM model like Ubeswap.
Mobius contract is built on Nerve Finance with some modifications to support other property types.
Highlights of Mobius
The special feature of Mobius is its specialization in price-stable pools and profitable staking pools.
The project focuses on equivalent assets including stablecoins (USDC/cUCD) and wrap assets (e.g. cBTC/wBTC). The price stability of stablecoins in liquidity pools helps you not to bear the risks of impermanent loss when providing liquidity, since the tokens are all Stablecoins.
In addition, Mobius promotes liquidity from the forex market by allowing cEUR-EURS trading pairs. The foreign exchange market currently has a trading volume of about $6.6 trillion per day, in the future, if it continues to issue new stablecoins of equivalent value in different currencies, the trading volume of Mobius and the potential for growth will expand.
Besides, Mobius applies the mechanism liquid staking, allowing you to increase the capital efficiency of the CELO-sCELO trading pair. That is, you stake CELO to receive sCELO, then you can bring sCELO to stake or farm further to increase profits, these transactions made on Mobius will only suffer a very small slippage.
Mobius continues to develop to expand trading features for the CELO-sCELO trading pair, such as using sCELO as collateral to borrow on other protocols such as Moola Market.
Currently, the project not released yet pool CELO-sCELO to apply the liquid staking mechanism, I and the team will update when the project launches these features.
Mobius Token Information (MOBI)
Key Metrics MOBI
- Token Name: Mobius.
- Ticker: MOBI.
- Blockchain: Celo.
- Token Standard: Updating…
- Contract: 0x73a210637f6f6b7005512677ba6b3c96bb4aa44b
- Token Type: Utility, Governance.
- Total Supply: 1,000,000,000 MOBI.
- Circulating Supply: Updating…
MOBI Token Allocation
Mined: 69%, of which:
- Mining Reserve: 34%.
- Partnership & Ecosystem: 30%.
- Celo Reserve: 5%.
Released: 23%, of which:
- Team: 20%.
- Strategic Advisors: 3%.
Liquid: 8%, of which:
- Liquidity (Mining): 7.5%.
- Airdrop: 0.5%.
MOBI Token Sale
MOBI Token Release Schedule
- Released: 1 year course.
- Team: 20%
- Strategic Advisors: 3%
MOBI Token Use Case
MOBI Token is used to:
- Participate in project management.
- Join farming.
How to earn and own MOBI Token
Currently, you can own MOBI Token by:
- Join the liquidity provision to earn MOBI, or those who have contributed more than $10 in liquidity before will also receive Airdrop.
- In addition, you can buy MOBI on the floor Ubeswap.
MOBI Token exchange & storage wallet
MOBI token storage wallet
MOBI is a token of Celo, in the future will be supported to be stored on CHK Wallet. I will update the method as soon as there is a new announcement.
MOBI token exchange
Currently, you can trade MOBI Tokens on Ubeswap.
Roadmap & Updates
- Launch: Launch of CELO/rCELO pool.
Project team, investors & partners
Curve (CRV): AMM DEX on the Ethereum ecosystem, dedicated to stablecoins (USDT, USDC, DAI, …) or similar assets but expressed in different forms (renBTC, WBTC, pBTC, …) .
Saber (SBR): AMM DEX platform dedicated to stablecoins of the Solana ecosystem. They recently combined with Ren Protocol to launch the renBTC and BTC asset pair on Saber’s Liquidity Pool. This helps Saber in the future become an AMM DEX for Pegged Assets.
Thus, I have provided you with the latest information from the Mobius project and the MOBI Token coin. With the above products, development roadmap and vision, what do you think the future of MOBI will be? Please comment below to discuss with CHK!
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