MTA Report by Jesse

Hello Wealth Mastery subscribers and welcome to another deep dive into one of the lesser-known projects in the space. This week you're in for a treat with the most detailed report so far. We’ll be looking at not just a new protocol but a new concept for stable coin governance altogether within a project called Meta.

Introduction

Meta (MTA) is mStable’s (mUSD) protocol token. MTA is used to ensure the integrity of the system in the event of permanent loss and has a few core functions in its protocol. Not only as the ultimate source of re-collateralization (insurance) for mASSETS (MetaAssets). But, to also coordinate decentralized governance in order to incentivize the bootstrapping of mStable asset liquidity, utility, and community of Governors. Whereby reducing complexity and fragmentation, mStable looks to change and deepen the usability of stable coins. With mStable assets being liquidity shares that also function as stable coins in their own right. Making each pegged to a unique asset, such as fiat currency like US dollar (mUSD), a commodity like Gold (mGLD), or a cryptocurrency like Bitcoin (mBTC). By staking Meta and becoming a governor, a user may receive mUSD, mGLD, and mBTC backed tokens. However, Meta (MTA) itself does not earn any kind of return or reward if left unstaked by a user and has no influence over the system's governance. The interface developed to facilitate these functions is the mStable app.

The first mASSET created is mUSD and can be minted against any other whitelisted stable coin. Minting a mASSET offers immediate 1:1 (zero slippage) conversion of a bASSET (BaseAsset) into its corresponding mASSET. For the mUSD asset, the underlying bASSET could

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