Mixture Roadmap Updates Q1 2022
Mixture protocol is a yield Accumulating Stable Coin on Solana is excited to announce its Roadmap Updates Q1 2022.
Mixture protocol, a decentralized stable coin protocol on Solana. Users can mint a stable coin $MIX stable coin using their liquidity pool tokens from AMM protocol on Solana, such as Atrix, Raydium, Orca, and Saber.
🔹 Partnership Updates (Late March — Early April):
In previous months, they have spent a lot of time forging partnerships to help bring utility to $MIX Stablecoin. All they can say now is to stay tuned and closely follow their Twitter and Discord. The partnerships are super unique and unlike anything you’ve seen in Solana.
🔹 Underlying Assets Redemption (Early April ):
They have noticed that Stablecoins using CDP (Collateralized Debt Positions) can come off peg during the volatile market.
This is because debt owners are not interested in buying back the Stablecoins to pay back their positions either because they don’t have enough funds or want to take leverage, e.g., Abracadabra $MIM situation.
https://twitter.com/keonehd/status/1486825593631129605?s=21
To help assets follow the peg during a volatile time, they have designed a unique redemption feature with dynamic fees depending on redemption demand, starting from 0.5%. With this feature, users would be able to redeem underlying assets from the debt with the lowest collateral ratio. A more specific formula is to be released in the coming weeks.
🔹 Cross-margin Positions (Early May):
Currently, if a user mints Stablecoins on any stablecoin protocol using different assets, those positions are isolated.
For example, a scenario where asset A increases in value and another asset B decreases in value but their combined overall collateral ratio is above the liquidation limit:
- Asset B’s position can still get liquidated if asset B’s reserve ratio goes below the liquidation ratio.
This is an inefficient margin design. To fix the inefficiency, We strengthen our margin design to allow cross-margin between different debt positions to allow more flexibility. Cross-margin stable coin position is very unique to crypto, let alone on Solana due to it being very difficult to implement.
In conclusion, with the above features and partnerships added to their protocol, they believe that Mixture Money will be the leading Stablecoin on Solana.
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