Mobius (MOBI) is known as a decentralized exchange and automated market maker (AMM) system for Celo assets.
Stablecoin trading is a necessary part of any ecosystem. Similar to Curve on Ethereum and Saber on Solana, Mobius plays an important role as the leading stablecoin DEX for the Celo ecosystem.
In this post, we will cover the following topics:
- What exactly is Mobius?
- What are the highlights of the project?
- Detailed information about tokenomics and how you can store, buy and sell MOBI tokens.
- The project's development plan, management team, and strategic partners.
- Some similar projects so you can easily assess the growth potential of this project.
Okay, let us dive in!
What is Mobius?
Mobius is a decentralized Automated Market Maker (AMM) with an invariant that provides a more efficient way to swap between price-stable and interest-bearing assets (e.g. liquid staking tokens).
This new mechanism is more capital efficient than a simple AMM model like Ubeswap, as it supports low-slippage trades between similarly priced pairs.
MOBI contracts are built on top of Nerve Finance, with a few tweaks to support additional asset classes.
Why Is Mobius Built on Celo?
As an EVM blockchain with address mapping to phone numbers and a well-integrated mobile wallet, Celo is ideal for being the go-to Layer One for P2P payments.
In fact, Celo has rapidly become one of the most widely used blockchains for peer-to-peer payments, handling more transactions than Near and Polkadot combined.
After some research, we found that Celo is one of the few blockchains that has successfully linked stable coins with a range of pegged assets, and Mobius is considered a key player in this ecology of value.
What Makes Mobius Outstanding?
What we like about this project is that it specializes in price-stable pools. In particular, it focuses on similarly priced assets such as stablecoins (USDC/cUCD) and wrap assets (cBTC/wBTC).
Since the tokens are all stablecoins, you don't have to worry much about impermanent losses when providing liquidity to the pools.
Mobius also improves the liquidity of the Forex market by allowing the cEUR-EURS trading pairs.
Considering the foreign exchange market has a daily trading volume of over $6.6 trillion, we strongly believe that Mobius' growth potential will increase if they continue to add new stablecoins of equivalent value in multiple currencies.
In addition, Mobius employs a liquid staking mechanism to increase the capital efficiency of the CELO-sCELO trading pair.
On this platform, you can stake CELO to obtain sCELO. Then, you can use sCELO to farm other tokens, or use it as collateral for borrowing on other protocols (e.g., Moola Market). You can earn multiple compound interests on your capital while paying very low slippage costs.
How Does Mobius Work?
A competitive advantage for Mobi users is the interface component that allows anyone on Celo or Ethereum to interact with the bridge and move digital assets between the two chains. As a result, we consider Mobius to be the leading platform for cross-chain capital migration.
As an AMM designed to facilitate the exchange of stable assets, Mobius attracts liquidity from other chains by offering high yields on stablecoins. We believe foreign stablecoin volumes are likely to skyrocket once an Optics token bridge goes live.
This bridge will support the transfer of a wide range of ERC-20 tokens to Celo and should reduce friction for current users who want to move their Ethereum liquidity to Celo.
Although no bridge has been officially launched yet, Mobius is aiming to support more asset transfers from a variety of chains in the near future.
Roadmap & Updates
- Launching the $MOBI Token on Ubeswap
- Yield farming starts with the initial round of rewards on cUSD/USDC and cUSD/cUSDT pools on Mobius
- Building a Mobi bridge user interface for Optics bridges
- Adding a cETH/WETH pool
- Adding a BTC/WBTC pool
- Announcing a partnership with AllBridge
- Increasing the number of pools
- Integrating with the Solana Bridge
- Integrating with the Terra Bridge
- Supporting (Terra) Anchor assets
- Introducing a roadmap for interest bearing and Forex token swaps
Eric Ceullar, Dylan Moors, Robert Leifke and Kyle Scott. You can easily reach them on their official Discord.
Mobius has decided to forgo venture capital and invest more in Celo's community and its ecosystem. This will bring more return, control and decentralization for Mobi users in the long run.
The $MOBI token was launched by MobiusDAO. The DAO will begin decentralization once Mobius has enough Total Value Locked (TVL) and active contributors to govern itself.
The token economics use Vesting-Escrow Tokens to reward participation in DAO through time-locked stakes.
- Token Name: Mobius
- Ticker: MOBI
- Blockchain: Celo
- Contract: 0x73a210637f6f6b7005512677ba6b3c96bb4aa44b
- Token Type: Utility, Governance.
- Total Supply: 1,000,000,000 MOBI.
- Circulating Supply: Updating... (increasing over time)
- Mining Reserve: 34%
- Partnership & Ecosystem: 30%
- Celo Reserve: 5%
- Team: 20%
- Strategic Advisors: 3%
- Liquidity (Mining): 7.5%
- Airdrop: 0.5%
Token Release Schedule
Released after locking for 1 year:
- Team: 20%
- Strategic Advisors: 3%
MOBI Token Use Case
MOBI Token is used for:
- Voting on decisions to help develop the Mobi protocol.
- Participating in yield farming on the Mobius platform.
How to Buy MOBI Tokens
Currently, you can easily trade MOBI Tokens on Ubeswap.
All you need to do is to connect your Metamask wallet, and then you can start swaping CELO for MOBI tokens.
Curve (CRV) is an Automated Market Maker (AMM) optimized for trading stablecoins on the Ethereum blockchain. Curve's goal is to make trading stablecoins as easy and cost-effective as possible.
Saber (SBR) is an Automated Market Maker (AMM) optimized for trading stablecoins on the Solana blockchain. They have recently teamed up with Ren Protocol to launch the renBTC/BTC asset pair on Saber's Liquidity Pool. Saber will soon become a leading AMM DEX for Pegged Assets on Solana.