Description
Move Dollar (MOD) is Thala’s stablecoin designed to trade at a $1 peg. It is minted against collateral exceeding the value of MOD issued; holders can redeem MOD for $1 worth of collateral less a redemption fee, and unsafe vaults are subject to liquidation. Its collateral includes native and multi-chain assets such as liquid staking derivatives, liquidity-pool tokens, and deposit receipt tokens.