What is Mobius (MOBI)? AMM DEX project on Celo . ecosystem

Stablecoin trading is one of the essentials in any ecosystem. If in Ethereum, you exchange Stablecoins like DAI, USDC through Curve, so in CELO What project will it be? Brothers and sisters learn about Mobius and tokens MOBI Check out the article below.

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What is Mobius?

Mobius is the first cross-chain stableswap Dex built on top of Celo. Mobius is a fork from nerve.fi, Nerve Finance has been audited by CertiK since 9/3/2021 and Mobius’s contact has not been audited after the fork.

An AMM based on StableSwap and CurveCrypto that specializes in low slip swaps between price stable and profitable pairs this mechanism is similar to CRV and to some extent Saber. Thereby, paving the way for more capital-efficient trades between similarly priced pairs compared to pure product-invariant AMM trading like Ubeswap.

The biggest advantage we can see in Mobius is that it provides price stability avoiding the high slippage in large swaps on traditional decentralized exchanges.

Similar projects

Similar projects to Mobius include:

Project features

Liquidity Providers

For existing liquidity providers (LPs), Mobius will offer LPs an attractive opportunity to deposit their tokens into Mobius and earn a transaction fee (0.15%) corresponding to their position. . In addition, providing liquidity on stablecoin pairs in pools helps LPs avoid the risks of impermanent loss. Currently there are about 2.94M $MOBI unlocked every week to pay LP rewards.

Cross-chain

Thanks to the optics of the cross-chain Bridge solution that connects liquidity from many other ecosystems to Celo, which currently has Ethereum and Polygon, mobius can swap stable coins from on Ethereum and Polygon ecosystems easily. easy.

Thereby, we can see that Mobius is also a platform for cross-chain capital movement. Attract liquidity from other chains with high interest on stablecoins and boost other chains with Celo’s stablecoin.

Roadmap – Project development roadmap

Team – Development team

Updating…

Investor – Investor

Updating…

Partner – Partner

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Token Basics

Token Name: Mobius.

Ticker: MOBI.

Blockchain: Celo.

Standard Tokens: Updating…

Contract: 0x73a210637f6f6b7005512677ba6b3c96bb4aa44b

Token Type: Utility, Governance.

Total Supply: 1,000,000,000 MOBIs.

Circulating Supply: Updating…

Token Allocation

Token use case

Governance

MOBI is a voting governance token in MobiusDAO.

Yield Farming

Starting September 17, 2021, the first issuance of 75 million tokens will be sent to the set liquidity mining pools. These funds will be used to start our liquidity mining program on the following pools.

Community

Website: https://www.mobius.money/#/swap

Twitter: https://twitter.com/MobiusMoney

Discord: https://discord.gg/rJMJbXVM

Medium: https://medium.com/@mobiusmoney

summary

With the strong development of Celo’s ecosystem in the past time Mobius has gradually asserted its position as an important and indispensable piece in the development of the Celo ecosystem, as evidenced by the fact that in recent days Mobius’ TVL has always set a new ATH level. That proves that the Celo ecosystem in general and Mobius in particular is very interested and noticed by the community.

Money flow is tending to flow here when the upcoming optics bridge between other ecosystems to Celo plans to expand to Terra and Solana in the fourth quarter of this year.

While the market is volatile like today, bringing your stablecoin to farm in Mobius to optimize profits is a thing that I personally feel is quite good when stablecoin farming pairs on Mobius are at a high level. The APR is pretty decent.

Here is all the information GTA Research team researched the project Mobius and is not investment advice. Hope this article will help you get the necessary information and give your personal opinion about the project.

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