Meridian MSTPrice

(MST)

MST is the native staking and governance token of Meridian Finance, a comprehensive DeFi ecosystem offering stablecoins, lending, and trading services. Its primary utility includes staking rewards, where holders earn a share of protocol fees generated from services like Meridian Mint, Trade, and Lend. MST also serves as a governance tool, enabling holders to vote on protocol upgrades and treasury allocations. Furthermore, the protocol implements buyback mechanisms using revenue to create deflationary pressure on the token supply.

Staking rewards are based on the activity across the protocol's four main products. Stakers receive 100% of minting and redemption fees from the stablecoin module, 21% of borrower fees from the lending platform, 30% of fees from leveraged trading positions, and 0.07% of every swap. These rewards are distributed in various assets such as USDM, ETH, or native chain tokens, providing participants with a share of the actual revenue generated by the platform's utility.

Staking MST is generally flexible, allowing users to enter and exit the pool. However, the protocol offers an amplified yield for users who choose to lock their tokens for a designated period, up to a maximum of 12 months. Unlike some other DeFi protocols, staked MST is not utilized as a safety module to cover bad debt or protocol losses; its exclusive purpose within the staking pool is to facilitate the distribution of generated fees to token holders.

MST is designed for cross-chain compatibility, utilizing the LayerZero Omnichain Fungible Token (OFT) standard. It is available on multiple networks including Base, Telos, and Taraxa. To maintain seamless functionality, the protocol underwent a migration to a v2 contract, which improved its ability to move across different chains via a dedicated bridge. This infrastructure allows users to interact with the Meridian ecosystem regardless of which supported blockchain they prefer to use.

MST features a fixed maximum supply of 10,000,000 tokens. The distribution is structured to support the long-term health of the ecosystem, with a significant majority of the tokens already in circulation or actively staked by the community. The remaining supply is typically allocated with 10% dedicated to the Protocol Treasury for future development and 10% reserved for the team and advisors to align long-term incentives with the project's success.

MST is primarily traded on decentralized exchanges across its supported networks, such as Uniswap on Base and Oku Trade on Telos. Because the token exists on multiple chains, users must verify the correct contract address for their specific network to avoid errors. While not currently listed on all major centralized platforms, it remains accessible to the global DeFi community through various liquidity pools. The project's growth provides opportunities for expanded availability on major exchanges in the future.