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.

Contents

• Introduction: What mStable is, mission, and quick start

• How mStable Works: The Stacked Yield product and strategy

• Integrations: DeFi systems mStable currently interacts with

• Architecture & Smart Contracts: Vault structure, automation, contract addresses

• Security & Risks: Audits, safeguards, and risk considerations