Official Mosaic Documentation
Mosaic is a decentralized borrowing protocol built on Reef Chain that allows you to draw interest-free loans against REEF used as collateral. Loans are paid out in MEUR (a Euro pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.
In addition to the collateral, the loans are secured by a Stability Pool containing MEUR and by fellow borrowers collectively acting as guarantors of last resort. Learn more about these mechanisms in our documentation.
Mosaic as a protocol is non-custodial, immutable, and governance-free.
If you still have questions after browsing our FAQs and documentation — join our community!