MoonDao

MoonDao is a decentralized reserve currency protocol based on the MD token. Each MD token is backed by a basket of assets (e.g. DAI, USDC) in the MoonDao treasury, giving it an intrinsic value that it cannot fall below.

## Overview MoonDao is a decentralized reserve currency protocol built on the Moonriver network. At its core, the protocol issues the MD token, which functions as a reserve-backed cryptocurrency. Unlike algorithmic stablecoins that rely on market incentives or collateralization ratios alone, MD tokens are backed by a basket of reserve assets held in the MoonDao treasury. This backing mechanism gives MD an intrinsic floor value—the token cannot trade below the value of its underlying reserve assets per token. The protocol exists to address a fundamental problem in decentralized finance: the cre