Mooncoin.it Community

Memecoins are coming home to Doge, whether you like it or not.

Much of the design choices we've made around Mooncoin focuses on volume because RH - by nature, will be a high velocity chain. Once equity markets stabilize, we anticipate the return of high-volume trading returning with much higher force on the chain.

We have been exploring and developing a second version of the lending pool. The changes will not affect lenders or borrowers in the existing pool. V2 uses Morpho Midnight to create pools with predetermined rates and fixed repayment dates. Lenders get their SPCX back at known times, and running both pools side by side creates a parallel market for interest-rate arbitrage between them. Orbs remain one of the strongest forms of collateral available, because their value in SPCX terms has grown steadily since launch, from 1.00 to about 2.03 SPCX per orb. Lenders who want to go long SPCX can use markets with fixed return timelines, while borrowers get access to a deeper pool of liquidity. The existing pool pays a variable rate set by demand, but lenders can only withdraw when borrowers repay. It is currently fully borrowed, which can keep larger lenders away. Orbs are the only accepted collateral, and there are about 109.6 in circulation, each backed by about 2.03 SPCX (roughly $280 at today's SPCX price). At the 91.5% liquidation threshold, orbs can support at most about 203 SPCX of borrowing across both pools. The current pool already uses about 97 SPCX of that, which leaves up to about 106 SPCX (around $15k) of new capacity for v2. That capacity will grow as v1 borrowers move to fixed-term loans or new orbs are minted. The new move should increase both borrowing and returns across the Mooncoin ecosystem. Pool 1 serves open-ended, variable-rate lending, while the second pool is aimed at lenders and borrowers with shorter-term needs. Over time, we expect traders to find opportunities to arbitrage between the two pools. We also expect this to bring more trading activity to the Mooncoin ecosystem, while making it one of the best places to earn yield on SPCX. A future release will look at generating yield on SPCX without being limited by orb capacity, but more on that in a later update. Note: we are still exploring the mechanisms involved and are not rushing to deploy, given the security and market risks at play.

Studying game theory