> For the complete documentation index, see [llms.txt](https://docs.mstable.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.mstable.org/readme.md).

# mStable Documentation

mStable delivers simple, tokenized yield products built on leading DeFi primitives. The flagship product is **Stacked Yield**: a single vault, actively managed by mStable, that deploys capital across supported yield markets and uses leverage when profitable. Holders hold a single ERC20 token (currently **mPT-sUSDe**) that appreciates as yield is realized.

For current positions, allocations, leverage, and APY, see the [vault page on mstable.com](https://www.mstable.com/vault/0xfec2adfa296fe189f53089fd5ccd8c28dd559cf2).

## Contents

* [Introduction](/docs/introduction.md): What mStable is, mission, and quick start
* [How mStable Works](/docs/how-mstable-works.md): The Stacked Yield product and strategy
* [Integrations](/docs/integrations.md): DeFi systems mStable currently interacts with
* [Architecture & Smart Contracts](/docs/architecture-and-smart-contracts.md): Vault structure, automation, contract addresses
* [Security & Risks](/docs/security-and-risks.md): Audits, safeguards, and risk considerations