The stable currency aggregation agreement mStable is expected to receive at least 4 acquisition offers

It is reported that 0xloth, the anonymous strategic director of stable currency aggregation agreement mStable, said that due to the decline of product revenue and the withdrawal of major contributors (including co-founders), the platform is seeking acquisition or merger, and it is expected that at least four DeFi projects will submit acquisition proposals for mStable before the end of Friday. As of the time of press release, dHEDGE, an on-chain asset management service, has submitted its first offer on the mStable forum. The holders of the governance token MTA of mStable will finally vote to decide which proposal to accept. The buyer will obtain the encryption assets, team and technology of mStable, including its vault based on smart contracts, to generate income for the depositor’s stable currency.

Interpretation of this information:

According to 0xloth, the anonymous strategic director of stable currency aggregation agreement mStable, the platform is seeking acquisition or merger as a result of declining product revenue and withdrawal of major contributors. It is expected that four DeFi projects will submit acquisition proposals before the end of Friday, and dHEDGE has already submitted their offer. The decision of which proposal to accept will be made by the holders of the governance token MTA through voting. The buyer will essentially obtain mStable’s technology, team, and encryption assets, including its vault that generates income for stable currency depositors.

The message highlights the challenges that mStable is currently facing. Both declining revenue and the departure of co-founders contribute to the company’s decision to seek acquisition or merger, which often serve as a strategic move to sustain business operations. This message also focuses on the pivotal role of DeFi (Decentralized Finance) projects in the acquisition process, indicating a growing trend of decentralized approaches to business transactions. The acquisition proposal process of mStable is noteworthy as it is ultimately decided by the company’s governance token holders. This aspect emphasizes the democratic nature of decentralized finance and underscores the importance of community participation in the decision-making process.