About Mune
[🌑]
Mune is a for-profit, positive-impact DAO.
Our first product is Mune.Finance-- an automated market maker (AMM) on the Polygon network, designed to enable efficient trading between pegged value crypto assets, and facilitate flashloans for charity. Built through b4b, and with ongoing support from Saddle through project SEMPI, we hope to bring their revolutionary opensource stableswap implementation to polygon for years to come. Supporting low-slippage trades, capital efficient metaswaps, and low-fee flashloans on the future ecosystem of pegged value crypto assets, both native and bridged.
We believe that DeFi represents what could be the greatest wealth transfer in human history-- we want at least some of that money to go to something meaningful.
Each quarter the community will vote for one nonprofit organization to receive 50% of the admin fees, generated over that period:
inquiries: munefinance@protonmail.com
Understanding pegged value crypto assets
What are pegged value crypto assets ?
Pegged value crypto assets are tokens that have their value pegged to an underlying asset by some means. For example, the value of a stablecoin or tokenized bitcoin is supposed to be $1 or 1 BTC, respectively.
However, pegged value crypto assets fix this value using different mechanisms. Some assets, like Synthetix sBTC or sUSD, maintain their peg synthetically (in this case, via collateralization of SNX). Other assets maintain their peg by being backed by and redeemable for the actual underlying asset, either permissionlessly (e.g. tBTC) or through a centralized custodian (e.g. WBTC, USDC).
These different approaches and the associated risks are why the prices of pegged value crypto assets of the same type can vary slightly.
What’s the issue with pegged value crypto assets ?
Trading among and in between these types of assets can be expensive and inefficient, resulting in lost capital due to high slippage and transaction fees.
How does Mune address this ?
The math powering Mune is specifically tailored to allow users to trade between these assets with minimal slippage-- and thanks to Polygon; no contract calls on Mune should ever cost anything noticeable.
Notable Mune Info
Rewards
At this time, outside of fees-- LPs are rewarded with a warm fuzzy feeling in their hearts. Financial incentives to LP are soon to come, and our earliest users will not be forgotten for their kindness🤫
Security
The security of user funds is our top priority. Mune is built on Saddle's new Solidity implementation of the StableSwap algorithm by Curve. Security audits were preformed by Certik, Quantstamp, and OpenZeppelin. Read the audits here, and the audits for Curve here.
All the Mune contracts are verified on Polygonscan and open-sourced with an MIT license. Users are free to launch the contracts on a private network with Hardhat for testing, or redistribute them with any modifications as they see fit.
Keeping up with Mune
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