mUSDT Vault

Moda Network has established mUSDT Vault to provide liquidity for all synthetic assets trading in Moda Trade. There is no need to establish a separate liquidity pool for each trading pair. mUSDT Vault is the counterparty to all transactions.

mUSDT Vault eimitates the ERC-4626 standard and tokenizes the vault’s PnL including trading fee and trader's PnL into mUSDT price automatically.

mUSDT Vault is capturing 35% of closing fee, 50% of liquidated collateral and traders’ PnL.

When the trader's PnL is positive, profits are paid in USDT by mUSDT Vault;

When a trader's PnL is negative, losses are sent to mUSDT Vault in USDT.