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MITH.CASH
MITH.CASH

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MITH.CASH

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Introducing Mithril Cash — A New Algorithmic Stablecoin

Introducing Mithril Cash — A New Algorithmic Stablecoin 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…

Blockchain

4 min read

Introducing Mithril Cash — A New Algorithmic Stablecoin
Introducing Mithril Cash — A New Algorithmic Stablecoin
Blockchain

4 min read


Mar 1, 2021

Migration Update — MICv2 is on Peg!

MIC on Curve Stableswap is working as intended and MICv2 is trading at 0.97 — In the first 48 hours, 75% (260K) of MISv1 has migrated to MISv2 MIC liquidity migration issue has been fixed, MIC-USDT Sushiswap LP tokens can be migrated to MICv2–3crv LP MICv2–3crv LP token staking in the new Bank is still not working. Devs are working to resolve this ASAP. Significant MICv1 has been rebased to MICv2 so far, resulting in fast growing liquidity in the Stableswap pool. We expect this to accelerate once the staking issue is resolved.

Defi

1 min read

Migration Update — MICv2 is on Peg!
Migration Update — MICv2 is on Peg!
Defi

1 min read


Feb 26, 2021

MITH CASH V2 Is Here!

The MITH CASH team has worked around the clock to deliver V2 ahead of schedule! Migration to V2 will begin at 2000 GMT 2/26/2021 Recap of Key Features in V2: All the goodies, and more, right here! Value reallocation to MISV2 holders when MICV2 is sold below peg Move MICV2 to Curve Stableswap Reward MIC-LP direct…

Ethereum

5 min read

MITH CASH V2 Is Here!
MITH CASH V2 Is Here!
Ethereum

5 min read


Jan 31, 2021

The Seven Wonders of MITH Cash V2: Day 7 — Value Reallocation from Sub-$1 MIC Sales to MIS holders and others

We conclude the Seven Wonders of MITH Cash V2 with the final change to the MITH Cash protocol : Value Reallocation from Sub-$1 sales of MIC V2. As we have seen, bonds are insufficient to maintain the peg, and we believe that active measures are necessary to incentivize market participants…

Ethereum

2 min read

The Seven Wonders of MITH Cash V2: Day 7 — Value Reallocation from Sub-$1 MIC Sales to MIS holders…
The Seven Wonders of MITH Cash V2: Day 7 — Value Reallocation from Sub-$1 MIC Sales to MIS holders…
Ethereum

2 min read


Jan 29, 2021

The Seven Wonders of MITH Cash V2: Day 5 — The End of an Era- Bonds (MIB) will Stop Being Issued 1/31 0200 UTC

Termination of MIB issuance: 1/31 UTC 0200 As announced yesterday, Mithril Bonds (MIB) will be redeemable at a 1 MIB : 1 MIC V2 ratio during MIC V2, subject to taxation on withdrawals. The Seven Wonders of MITH Cash V2: Day 4 — Triple Threat: MIC V2 Migration, MIB Redemption at 1… Day 4 showcases the biggest changes to the MITH Cash protocol. As we have observed over the past month, drastic changes…mithcash.medium.com

Ethereum

2 min read

The Seven Wonders of MITH Cash V2: Day 5 — The End of an Era- Bonds (MIB) will Stop Being Issued…
The Seven Wonders of MITH Cash V2: Day 5 — The End of an Era- Bonds (MIB) will Stop Being Issued…
Ethereum

2 min read


Jan 28, 2021

The Seven Wonders of MITH Cash V2: Day 4 — Triple Threat: MIC V2 Migration, MIB Redemption at 1 MIB = 1 MIC, MIC Rebase to 1 USDT

Day 4 showcases the biggest changes to the MITH Cash protocol. As we have observed over the past month, drastic changes are necessary if we are to return to peg and achieve our goal of becoming Lord of the Stables : One Stable to Rule Them All. Core MIC-USDT Pool…

Defi

3 min read

The Seven Wonders of MITH Cash V2: Day 4 — Triple Threat: MIC V2 Migration, MIB Redemption at 1…
The Seven Wonders of MITH Cash V2: Day 4 — Triple Threat: MIC V2 Migration, MIB Redemption at 1…
Defi

3 min read


Jan 27, 2021

The Seven Wonders of MITH Cash V2: Day 3 — Community Vaults and Staggered Withdrawal of Boardroom Rewards

As part of MITH Cash V2, we want to encourage the community to come up with strategies that help the general ecosystem and other community members. The difference between community vaults and external vaults, is community vaults needs to benefit the general community, be symbiotic, and not parasitic. …

Defi

3 min read

The Seven Wonders of MITH Cash V2: Day 3 — Community Vaults and Staggered Withdrawal of Boardroom…
The Seven Wonders of MITH Cash V2: Day 3 — Community Vaults and Staggered Withdrawal of Boardroom…
Defi

3 min read


Jan 26, 2021

The Seven Wonders of MITH Cash V2: Day 2 — Time-Weighted Boardroom Rewards, and Single Asset MIS staking rewards

#2 of 7 Upgrades: Time-Weighted Boardroom Rewards In the 27 days since MITH cash started, we have all noticed an increase in MIS volatility around Seigniorage time. This can only be because the original design allows people to stake in the Boardroom just for the brief time when MIC rewards are released. There is a huge drop…

Defi

2 min read

The Seven Wonders of MITH Cash V2: Day 2 — Time-Weighted Boardroom Rewards, and Single Asset MIS…
The Seven Wonders of MITH Cash V2: Day 2 — Time-Weighted Boardroom Rewards, and Single Asset MIS…
Defi

2 min read


Jan 25, 2021

The Seven Wonders of MITH Cash V2: Day 1 — A New MIS for a New Era…

A total of 7 key upgrades will be announced over the next 7 days, each bigger than the one before. — Prepared by MITH Cash Community Member Aramis There are 3 Goals that seek to achieve with the Seven Wonders: Return MIC to peg Return MIB holders 1:1 value Seek long term value for MIS shareholders #1 of 7 Upgrades: A New MIS for a New Era. Reduce Future Emissions by 77%, Total Supply to 500K MIS MIS Total Supply to be capped at 500K (50% reduction from 1M)

Crypto

4 min read

The Seven Wonders of MITH Cash V2: Day 1 — A New MIS for a New Era…
The Seven Wonders of MITH Cash V2: Day 1 — A New MIS for a New Era…
Crypto

4 min read


Jan 22, 2021

0xMaki joins MITH Cash as Advisor — Grand Plans Underway!

0xMaki joins MITH Cash as Advisor —Grand Plans Underway! We’d like to welcome the leader of all things Sushi, 0xMaki, into our fellowship as our Advisor! MITH Cash started on SushiSwap from Day 1 and we couldn’t be more excited to power into the future with his guidance, as we become the Lord of the Stables, One Stable to Rule Them All Welcome Ser!

Ethereum

1 min read

0xMaki joins MITH Cash as Advisor — Grand Plans Underway!
0xMaki joins MITH Cash as Advisor — Grand Plans Underway!
Ethereum

1 min read

MITH.CASH

MITH.CASH

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