moma finance

Moma Protocol is a solution that meets the liquidity, scalability, incentive diversification, and speculative needs of the lending markets. Moma Protocol can create and manage lending markets. The protocol offers a proprietary customizable Smart Contract Factory which serves the lending markets and users in the following three roles: Factory,Launcher,Aggregator.

One of the biggest concerns is the lack of diversity and liquidity in the lending markets (Money Markets). In the successful cases of Aave, Compound and Cream, we have witnessed the integration of some cryptocurrency assets through their respective protocols to meet numerous lending needs. However, these existing solutions offer far less scalability, selectivity, and incentives than some cryptocurrency assets as well as lower growth rate of asset size and community demand for lending in the currencies they hold.Moma Protocol is a solution that meets the liquidity, scalability, incentive diversification, and speculative needs of the lending markets.

Moma Finance (MOMA) is a proprietary solution to meet the growing demand for liquidity, scalability, and speculation in the DeFi lending markets.

Moma Finance (MOMA) provides a smart contract factory for creating and managing credit pools. Anyone can create a self-managed credit pool through Moma, and risk control and interest rate management can be done by setting the cryptocurrency asset types and other parameters supported by the credit pools. Each credit pool supports different cryptocurrencies due to different needs and motivations of the creators, so each independently created credit pool will increase the diversity of digital assets supported by the Moma credit market.

With the rise of decentralized finance (DeFi), increasing the liquidity of cryptocurrency assets is becoming the most important topic for the future development of the financial world. Several protocols have been created, the essence of which is to increase liquidity. For example, Uniswap is a smart contract system that allows users to create and inject liquidity into an infinite number of pairs of transactions. It acts as a decentralized transaction protocol that provides liquidity protection for almost all cryptocurrency assets. Compound is a decentralized lending protocol that provides lending liquidity between a limited number of cryptocurrencies through overcollateralized pools. The success of Uniswap and Compound is the result of providing efficient liquidity to the Defi market,

Although pioneers and innovators have made a huge number of advances, DeFi is still in its infancy and many needs are yet to be discovered or met. One of the biggest problems is the lack of diversity and liquidity in the credit markets (money markets). In the successful cases of Aave, Compound, and Cream, we have seen the integration of some cryptocurrency assets through their respective protocols to meet multiple lending needs. However, these existing solutions offer much less scalability, selectivity, and incentives than some crypto assets, as well as lower growth in asset size and community demand for lending in the currencies they hold.

Moma Protocol is a solution that meets the liquidity, scalability, incentive diversification and speculative needs of credit markets.

Moma Protocol can create and manage lending markets. The protocol offers a proprietary custom smart contract factory that serves lending markets and users in the following three roles:

1.factory

2.launcher

3. aggregator

Moma provides a smart contract factory for creating and managing credit pools. Anyone can create a self-managed credit pool through Moma, and risk control and interest rate management can be done by setting the cryptocurrency asset types and other parameters supported by the credit pools. Each credit pool supports different cryptocurrencies due to different needs and motivations of the creators, so each independently created credit pool will increase the diversity of digital assets supported by the Moma credit market.

Each credit pool created is a set of smart contract systems that are interoperable with the current Compound and Aave lending platforms. Because of this, Moma can be seen as an automated smart contract factory that can produce an unlimited number of Aave, Compound and Cream to support different types of crypto assets and apply various risk management strategies.

Inevitably, the creation of each credit pool also comes with new risks, but since the risks of each credit pool are independent and do not affect other credit pools, users only need to be careful about the risks of the credit pool they choose to participate in. As new credit pools are constantly being created, multi-credit pool operators will compete with users in several ways, including risk control, interest rate setting, liquidity, etc. The overall risk level of Moma's lending platforms will be gradually dispersed and mitigated through this. inter-pool competitions. To deal with unknown risk factors, Moma is also introducing a new "whistleblower" role for decentralized risk assessment and identification. Each credit pool also responds to possible risks, by providing reserve pools and rate management pools at the level of the token economy. Moma considers risk management as the core of the system and uses a combination of centralization and decentralization for prevention and control. A complete and expandable risk control system is formed on the basis of risk isolation for each credit pool.

Moma creatively divides the process of creating credit pools into two steps to solve the problems of creating, accelerating and increasing the liquidity of credit pools:

Phase 1: Launching the Pool

The initial stage of all created credit pools is the pool launch stage. Compared with the credit pool, the start-up pool only includes a deposit function, but not a borrowing function, so the operation of depositing and withdrawing digital assets can be realized. Moma is developing a custom startup pool incentive pool where a pool creator or pool builder can inject cryptocurrency assets into the incentive pool. Cryptocurrency assets in the reward pool can then be used to incentivize all users who contribute said assets to that launch pool after the release parameters are set. This process is similar to the popular “community launch” or “fair launch” in the DeFi world. The goal is to encourage users to deposit assets and participate in mining through the creation of incentive pools, to capture the attention of users and complete the allocation of initial control tokens. The perfect solution for this is the Launch Pool feature.

In any community of blockchain projects, there is a need to start a community, regardless of whether there is a credit pool.

required or not. This allows open community activation through token rewards through the Launch Pool. Moma will be both a connector and a factory to help the project complete the entire community launch process and help DeFi users get incentives to launch the project.

Stage 2: credit pool

After the pool start-up process is completed, the pool developer can choose to upgrade the start-up pool to a credit pool by enabling the borrowing feature and using Oracle to feed the price and using the appropriate interest rate model and other parameters to open the decentralized surplus. mortgage lending platform. Projects and pool creators can not only maintain the credit liquidity of the user token through the operation of the credit pool, but also receive additional income from the commission for lending and encouraging tokens from Moma.

Each lending pool is also designed to be equipped with a customizable incentive pool into which the Pool Developer can inject any digital asset to incentivize lending behavior to increase liquidity and increase returns.

The Moma protocol can help any project complete a community launch through a Launch Pool and then transition to a Lending Pool process. It is easy to open a self-lending platform after getting the main traffic, influence and user assets. As a user participating in DeFi, he can not only participate in the start pool of large new projects of the Moma platform to start mining, but also participate in the lending and mining of various credit pools. Moma increases the speculative value of the entire system by providing more mining opportunities, thus attracting more projects and users. The activity of both the project and the user will attract more start-up and credit pools, thereby forming a growth flywheel for Moma.

The role of the starter pool is not only to accelerate the launch of the credit pool and projects by the community, but more importantly, to create credit pool application scenarios. Let's assume that a user wants to participate in the Launch Pool start mining, but there is no suitable target asset (presumably ETH) to deposit. He can stake and lend his own crypto-currency assets (like WBTC) in any suitable credit pools, and then deposit ETH into the starter pool to get an incentive to start mining. This completes the lending process in the credit pool and thus generates interest income.

The purpose of the credit pool is that it can meet the need for mining income generated from the starter pool. Some of the Cryptocurrency assets obtained by users from Launch Pool mining will be sold into other assets, while others will have income generation needs. The credit pool can provide an income generating scenario for a cryptocurrency asset and further meet the investment demand of the user.

In short, the starter pool kicks off and speeds up the credit pool. At the same time, the seed pool creates a lending scenario for the loan pool, while the loan pool takes over the income generation demand for the seed pool income, constituting a complete ecological loop.

3. aggregator

Based on the production and distribution of numerous starter pools and credit pools, Moma Protocol is required to act as an aggregator to help users address the diverse and personalized needs of community deposits, lending and mining.

Moma stores and analyzes the data of all pools and associated digital assets. It also attempts to provide revenue and risk information across several parameters, including the total block amount, the number of participating addresses, the number of transactions, risk ratings for individual digital assets, etc. All of this data will be used to make decisions during aggregation.

Users can search all pools supporting Moma target asset deposit and loan for all pools, and can make decisions with reference to multiple information parameters such as interest rate, risk, incentives, etc. At the same time, Moma will also provide a recommended the best way to help users complete the process with the least cost and risk.

Pricing Oracle maintains the current exchange rate for each ancillary asset. The Moma protocol introduces the following two feed price mechanisms:

The ability to set prices for assets is entrusted to a committee that centralizes prices across several exchanges and completes the chain submission of prices by “whistleblowers”. These exchange rates are used to determine borrowing capacity, collateral requirements, and all functions needed to calculate the value of an account.

Moma stores and analyzes the data of all pools and associated digital assets. It also attempts to provide revenue and risk information across several parameters, including the total block amount, the number of participating addresses, the number of transactions, risk ratings for individual digital assets, etc. All of this data will be used to make decisions during aggregation.

Users can search all pools supporting Moma target asset deposit and loan for all pools, and can make decisions with reference to multiple information parameters such as interest rate, risk, incentives, etc. At the same time, Moma will also provide a recommended the best way to help users complete the process with the least cost and risk.

Pricing Oracle maintains the current exchange rate for each ancillary asset. The Moma protocol introduces the following two feed price mechanisms:

Committee pricing mechanism

The ability to set prices for assets is entrusted to a committee that centralizes prices across several exchanges and completes the chain submission of prices by “whistleblowers”. These exchange rates are used to determine borrowing capacity, collateral requirements, and all functions needed to calculate the value of an account.

The working mechanism is as follows:

1) Aggregate prices are calculated using price aggregation contracts:

First, multiple designated exchanges load the price of the subchain into the price aggregation contract of the specified item in each round. The contract calculates the average price and standard deviation of the same underlying asset provided by multiple exchanges:

-If the standard deviation does not exceed a pre-set tolerance threshold, the average price is taken as a valid price, which must be confirmed in the round.

-If the standard deviation exceeds a pre-set tolerance threshold, the trusted price to be confirmed in the round is empty.

2) "Informant" distributes prices to confirm the validity in each round. If the price is correct, it will be confirmed as the final price. If it is empty, then the early warning mechanism will be triggered and manual intervention will be used to check the cause.

Moma will integrate Oracle's Chainlink and will launch Oracle's own decentralized pricing solution in the future.

Oracle Moma decentralized solutions are conceived as follows:

Individual reputation system: Moma will give each pool full autonomy, and each pool can choose its own price market for feeding the prophecies. The following custom options are supported:

-Act as a threshold for price sources.

-Introduction of an individual mechanism of reward and punishment.

-Set up a price update cycle.

-Mechanism of individual price audit.

Crypto Asset Risk Rating Database

Moma suggests any risks associated with the encrypted asset itself by maintaining a database of risk ratings for crypto assets, such as price manipulation risks caused by over-centralization, lack of liquidity, etc.

The user can see the rating and recommended settings of the crypto assets associated with the pool when participating in any pool. If there is a difference with the actual parameters, users can judge and determine the participation strategy on their own according to the information. In this way, most of the risks associated with cryptocurrency assets can be identified and avoided.

As Moma's business expands and the number of credit pools increases, the amount of risk assessment and judgment work will become very large. It will not be possible to complete the entire information assessment through Moma's risk control department alone. To accomplish this extremely important task, Moma introduced the role of "informant" into the system. Any user can become a whistleblower by pledging Moma and submitting risk information. Moma will evaluate the effectiveness of risk warning information through community or committee guidance. Once the information is confirmed as fact, the whistleblower who provides the information will be supported by Moma and the relevant loan funds. If the information is malicious, the Moma side token will be confiscated.

By encouraging the whistleblower to provide correct risk information, Moma's overall risk will be reduced by decentralizing early warning. This risk warning system can be seen as a form of pre-insurance.

Moma will create standby pools and collateral management pools for all pools to better handle unexpected situations. The reserve pool will deposit a portion of the interest income of the credit pool and will form a pool of mobile funds. In case of any losses, funds from the Reserve Pool will be mobilized for compensation.

The Collateral Management Pool is a pool of collateral formed from the respective collateral in the form of Moma Management Tokens used by the Management Pool when upgrading the Starter Pool to the Credit Pool. If any governance issues occur during the operation of the pool and result in losses on the third party provider side, MOMA tokens in the collateral management pool will be mobilized to compensate affected users.

The Moma Protocol Token is the original Moma Protocol Control Token. The symbol of the token is MOMA and the total amount is 100 million.

MOMA tokens are mainly used to incentivize liquidity providers on the Moma platform and to involve as many users as possible in development and protocol management.

Moma's early use mainly includes the following aspects - voting management, providing for the creation of a sub-market, and providing for participating in the platform's income.

-$MOMA holders can receive partial rewards in the form of platform transaction fees.

-$MOMA holders may enjoy certain privileges and interests for future use of the platform's lending market or other services.

-$MOMA holders can vote to participate in the development of the platform and its key management.