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Moria Protocol Review: Is BCH-Backed MUSD Worth Using?

Moria Protocol describes a Bitcoin Cash-backed stablecoin borrowing system, but there is not enough detail to assess its costs, safety or how to use it.

By the SkyBitcoins review team · Updated

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At a glance

Moria Protocol key facts

Moria Protocol key facts
TypeBCH-collateralized stablecoin borrowing protocol
NetworkBitcoin Cash
StablecoinMUSD
Audits2 listed; scope and findings unknown
TokenMUSD
Updated

Moria Protocol FAQs

What is Moria Protocol?

Moria describes a protocol for borrowing MUSD against BCH collateral, using oracles. It also claims transparent MUSD proof of reserves.

What does it cost to borrow MUSD?

Moria has not published fee details in the information available here. Check the borrowing interface and transaction costs before committing BCH.

Is Moria Protocol safe to use?

Two audits are listed, but their names, scope and findings are unknown. That is not enough to assess the protocol's security or confirm its proof-of-reserves claims.

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How we checked

Sources

  1. defillama.com/protocol/moria-protocol(opens in a new tab)

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