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Mithril Cash
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  • How Does Mithril Cash Work
  • Components
    • Tokens
    • Cash Pools
  • Mechanisms
    • Stabilization Mechanism
    • Genesis - Launch Strategy
  • Schedule
    • Stables + Community Mining MIC
    • LP mining MIS
    • First expansion / contraction
  • MITH Cash V2
    • Premise of V2
    • V2 Upgrades at a Glance
    • MIC Upgrades: Stableswap
    • MIC Upgrades: Rebase
    • MIC Upgrades: Direct Migration of MIC-USDT LP with Rewards
    • MIC Upgrades: Value Reallocation
    • MIC Upgrades: Value Reallocation Speed of Distribution
    • MIS Upgrades: Reduction in MIS supply to 500K and Reduction of Emissions by 77%
    • MIB Redemption to MIC V2: 1 to 1, subject to Ecosystem Stability + Phase out of MIB
    • Staggered Withdrawal of Boardroom Rewards
    • Timeweighted Boardroom Rewards
    • Timelock Reduction to 24 hours + Display of Timelock Queue
  • Contract Details
    • Contract Addresses + Information (as of launch)
    • Audit
  • V2 Development Bounty
    • MITH Cash V2 Development Bounty
    • Developed by the Community
    • V2 Bounty Overview: 2 Weeks of Full Press
    • V2 Bounty Roles
    • Bounty Process
    • Bounty Process (2)
    • Bounty Fund from MDF
    • Next Step
    • Community Developer Pull Request Process
  • Misc.
    • Proof of Admin Key Burn
    • FAQ [EN]
    • FAQ [CN]
    • FAQ [KR]
    • FAQ [ES]
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Introducing Mithril Cash - A New Algorithmic Stablecoin

NextHow Does Mithril Cash Work

Last updated 4 years ago

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Mithril Cash is the new algorithmic stablecoin forged from Mithril, a valuable silver-like metal that is not only stronger but also lighter than steel, just as the community that we are building.

As the growth of cryptocurrencies adoption continues, so must the growth of a strong set of stablecoin options. Mithril Cash will launch with no team nor investor allocations. Only those who contribute into the project will be rewarded. This project will launch on December 30, 0200 UTC+8.

The Launch of Mithril Cash will incorporate the following communities. Please see for more information

Mithril (MITH): The most widely used social token in Asia, also project namesake Yearn (YFI): Need we say more Sushiswap (SUSHI): Popular fork of Uniswap Cream (CREAM): DeFI Lending Protocol, Compound and Balancer fork Compound (COMP): Autonomous interest rate protocol built for developers Aave (AAVE): Open Source and Non-Custodial protocol to earn interest on deposits and borrow assets Curve.fi (CRV): Exchange liquidity pool, extremely efficient stablecoin trading Chainlink (LINK): Most widely used oracle network

Stables: DAI, USDT, USDC, BUSD, sUSD, ESD, BAC, FRAX

Genesis