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MoonDao is a decentralized reserve currency protocol based on the MD token. Each MD token is backed by a basket of assets (e.g. DAI, USDC) in the MoonDao treasury, giving it an intrinsic value that it cannot fall below. MoonDao also introduces unique economic and game-theoretic dynamics into the market through staking and bonding. Read more about the game theory aspect of MoonDao in one of our blog posts.