Since launch in July 2020, mUSD Save has been one of the easiest to use, secure, low volatility and high-yielding savings products in DeFi.
mStable solves for a low-interest rate world by creating a unique automated market maker that autonomously lends out all deposited USD stablecoins onto third-party lending protocols while simultaneously allowing for these same stablecoins to be swapped, earning trading fees. This AMM produces meta-stablecoins instead of LP tokens: this has several consequences, one of which is that we can create a separate savings account to which system revenue is sent.
Today, the mStable genesis team releases mUSD Save V2 — a tokenised savings account, for anyone, anywhere. This release was first proposed by Richard Galvin of DACM here and then ratified by Meta Governors here .
- If you are an existing Save user, please note that funds must be manually migrated from Save v1 to Save v2.
- How to Migrate from Save v1 to Save v2 can be accessed here .
- Audit report by Certik here .
- Take me to the app . A migration assistant has been created provided.
Get all the details here !