Medusa Insurance Fund (MIF)
Last updated
Last updated
MIF is the acronym for the Medusa Insurance Fund which is a separate wallet in Medusa's MAP system. The MIF uses an algorithm that backs the Rebase Rewards and is supported by a portion of the buy and sell trading fees that accrue in the MIF wallet.
In simple terms, the staking rewards (rebase rewards) which are distributed every 15 minutes at a rate of 0.02355% are backed by the MIF parameter, thus ensuring a high and stable interest rate to $MEDUSA token holders.
5% of all trading fees are stored in the Medusa Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
Avoiding flash crash through price stability
Achieving long-term sustainability and future growth of the Medusa Protocol
Greatly reducing downside risk