MOCHI Mochi

Mochi Use Cases

Mochi is a decentralized stablecoin protocol that offers several key use cases:

• Stablecoin Minting: Users can leverage listed collateral to mint the USDM stablecoin through Mochi Vault smart contracts. This allows for the creation of stablecoins backed by a variety of crypto assets, including long-tail and yield-bearing assets.

• Collateralization: Mochi enables the listing of a wide variety of crypto assets as collateral, including less liquid tokens with healthy markets. This allows users to utilize these assets to borrow/mint USDM stablecoins.

• Liquidity and Capital Efficiency: Mochi adjusts collateral-specific vault parameters dynamically based on total on-chain liquidity and credit utilization. This provides capital-efficient overcollateralized loans to users while minimizing risk for the protocol.

• Governance-Free Listing: Mochi offers governance-free listing and condition-based stable currency minting capacity, making it easier for users to list and utilize various crypto assets as collateral.

• Stable Peg Maintenance: Mochi helps maintain the peg of the USDM stablecoin to the USD through dedicated, highly capital-efficient stable pegged-asset pools.

Additional Uses

• Staking and Lending: Mochi (MOCHI) tokens can be used for staking, lending, or yield farming to earn passive income.

• Trading: Mochi (MOCHI) can be traded on supported platforms, allowing users to buy and sell the token.

• Holding: Users can store Mochi (MOCHI) assets on a CEX or in a self-custodial wallet.

Pros of Mochi

• High-Yield Staking: Mochi offers a lucrative staking opportunity with up to a 55.0% annual percentage yield (APY), making it an attractive option for individuals looking to increase their digital asset holdings.
• Community-Driven: Mochi is designed to unify its community, tapping into the social fabric of the internet and harnessing the collective spirit of its members.
• Layer 2 Scaling Solution: Mochi leverages the Base Chain network and features a Layer 2 scaling solution, enabling faster and more cost-effective transactions compared to the Ethereum mainnet.
• Diverse Ecosystem: Mochi includes a Play-to-Earn game, an NFT Marketplace, and integrates DeFi protocols, providing a variety of ways for users to engage and earn rewards.

Cons of Mochi

• Volatility: Like many innovative assets, Mochi experiences significant volatility, which can be challenging for some investors.
• Limited Historical Data: Since Mochi is a relatively new token, there is limited historical data available, making long-term predictions more speculative.
• Dependence on Adoption: The value of Mochi heavily depends on its adoption rate and how widely it is used and accepted within its community and beyond.

Founders and Team

The specific founders of Mochi are not clearly identified in the available sources. However, the project is associated with Coinbase and named after Coinbase CEO Brian Armstrong's pet cat. The team behind Mochi includes skilled professionals such as blockchain engineers and web developers, but their names and roles are not detailed in the context of founding the project.

• Key Team Members:

  • Huy Nguyen: Blockchain/BE Engineer with over 4 years of experience.
  • Tuan Dao: Web3/FE Engineer proficient in Web3 development.

• Note: The information provided does not specify the founders but highlights the involvement of experienced professionals in the project.

Investors in Mochi

Mochi has received funding from a single investor, Foxmont Capital Partners, a venture capital firm based in the Philippines. This investment was part of an incubator/accelerator funding round.

Key Funding Details

• Investor: Foxmont Capital Partners
• Type: Venture Capital
• Location: Philippines
• Funding Round: Incubator/Accelerator
• Amount: $0.05M (latest funding round on April 3, 2024)

Halal Status of Mochi

• Halal Status: No
• Reason: Mochi is listed as "Questionable" in halal reports, indicating that it may not fully comply with Islamic finance principles.