Mochi Inu
@MochiDeFi
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$MOCHI Mochi Protocol: Next-Gen Decentralized Digital Currency Backed By Long-Tail Cryptoassets ⭐️ https://t.co/lTkE17Silh
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Joined May 2021
1/ Mochi is rising to become a flagship for the original ideals of crypto: decentralized, censorship-resistant, trustless immutability. These should be embodied in the protocol as we build together. We want to hear your voice!
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USDM Peg Recovery Module (PRM) UX preview: (Details on how it works soon)
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1/ $MOCHI Protocol Updates: ✔ Audit contest findings integrated ✔ Smart contracts updated following unit tests ✔ Timelock set on vaults, vault factory, token profiles, CSSR and CSSR adapter contracts ✔ Profile, factory and vault SCs soon move to DAO-managed role
5/ We are currently in the process of updating the smart contracts based on recommendations from the Code4Arena audit contest which will be completed early next week. Once complete, the following will also be added under the timelock: - Mochi vault contract update
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6/ With your support, Mochi is transforming into a truly immutable, trustless, decentralised and censorship-resistant protocol. The team is working hard to build a completely robust project while making significant progress. Thank you for your patience and feedback!
Join the community at
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5/ Learn more about the Airdrop:
5/ The airdrop may be a Vault NFT containing the $MOCHI token allocation, with embedded functions during the performance-based cliff and vesting events which may be enabled or triggered automatically or through governance:
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4/ Learn more about Tokenomics:
3/ Team has given away 39.4% of their allocation to [1] increase amount received by Mochi community and [2] burn part of the token supply at popular community request. Token Distribution: ✔️ Community 4̶7̶%̶ 60% ✔️ Foundation 5̶3̶%̶ 40%
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3/ Contracts which influence credit caps, risk factors, collateral factors, liquidation ratios and USDM minting functions to soon set operations on a new gnosis safe for DAO-managed role: ✔ mochiProfile ✔ mochiVaultFactory ✔ mochiVault
8/ Mochi DAO vote is required to authorize any additional protocol borrows of USDM using Mochi collateral.
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2/ Following a successful @code4rena audit contest with integration, unit tests and updates complete, these smart contracts are set to timelock: ✔ Mochi vaults ✔ Mochi liquidations ✔ Mochi token profiles ✔ Mochi CSSR ✔ Mochi CSSR adapters
The $80k @MochiDeFi audit contest report is published Wardens found multiple high-severity bugs, with 38 total vulns. Congrats to @gzeon for finding a high-severity bug in their first C4 contest! Thank you @GhoulSol for judging 💪 Full report: https://t.co/D8pmAV7vXS
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1/ $MOCHI Protocol Updates: ✔ Audit contest findings integrated ✔ Smart contracts updated following unit tests ✔ Timelock set on vaults, vault factory, token profiles, CSSR and CSSR adapter contracts ✔ Profile, factory and vault SCs soon move to DAO-managed role
5/ We are currently in the process of updating the smart contracts based on recommendations from the Code4Arena audit contest which will be completed early next week. Once complete, the following will also be added under the timelock: - Mochi vault contract update
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🐶 $MOCHI Inu is prepared for the journey ahead! 🚀 Tokens are now in dedicated multisig buckets according to tokenomics. Curious? Check the chain. 🐶 https://t.co/GsToyz3pPO
4/ Allocations: ✔️ Community Incentives 1% ✔️ DAO treasury 5% ✔️ Vested community airdrop 1̶2̶%̶ 15% ✔️ Bond markets 20% ✔️ Team 3̶3̶%̶ 20% [39.4% given away] ✔️ Foundation 20% ✔️ Token Supply Burn 0̶%̶ 10% ✔️ Mochi Staking Rewards 9%
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1/ Mochi is rising to become a flagship for the original ideals of crypto: decentralized, censorship-resistant, trustless immutability. These should be embodied in the protocol as we build together. We want to hear your voice!
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On November 11, Mochi launched the $MOCHI Inu meme contest. https://t.co/DCGOuIZjPw Here are the top 3 memes that got the most votes from our Judges. 👇👇
Woof! We are starting a $MOCHI INU MEME CONTEST!!🐶 You have until Friday Nov 19 to submit your best $MOCHI INU meme, and the top three community-chosen winners will get $1000 EACH! 🦴 ENTRIES START NOW!!! 🐶 LIKE/RT/FOLLOW + POST YOUR MEMES IN THE REPLIES BELOW! 🐶
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8/ With your support, Mochi is transforming into a truly immutable, trustless, decentralised and censorship-resistant protocol. The team is working hard to build a completely robust project while making significant progress. Thank you for your patience and feedback!
Join the community at
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7/ The following users have been suggested to receive airdrop allocations: ✔️ MOCHI Holders ✔️ Curve/Convex/Votium Voters ✔️ USDM Holders ✔️ USDM3CRV Pool LPs ✔️ USDM Minters
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6/ ✔️ Scaled voting power in the DAO ✔️ Vault token transfers ✔️ Bond market mechanics ✔️ Performance-based vesting unlocks ✔️ Scaled stablecoin minting caps
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5/ The airdrop may be a Vault NFT containing the $MOCHI token allocation, with embedded functions during the performance-based cliff and vesting events which may be enabled or triggered automatically or through governance:
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