Stake

WELCOME TO MGORAS

Mgoras is a dApp for EGR holders to manage the collateralisation ratio of Daric(DXAU - a decentralized stable coin pegged to one ounce of gold), receive EGR staking rewards, which are created through the inflationary monetary policy and also receive egoras exchange rewards, which are fees generated from the creation/redemption of daric(DXAU) token.

Connect a wallet (e.g. MetaMask, Fortmatic) containing EGR tokens

Click “Start Now” and decide how much EGR you would like to Stake

Stake your EGR to get weekly rewards

HOW IT WORKS

What is Mgoras?
Mgoras is a dApp for EGR holders to manage the collateralisation ratio of Daric(DXAU - a decentralized stable coin pegged to one ounce of gold).

Permissionless
You control your assets. Egoras is a decentralized, non-custodial platform, accessible using an Ethereum-supported wallet.

Easy To Use
A simple interface that allows you to manage your Funds. No middleman or third party controls your funds.

Honest And Transparent Rate
Egoras distributes up to 3.12% of total supply a year to stakers. Paid weekly. If only 1% of EGR is staked, the average return is 312% net.The inflation Rate is governed by EGR holders.

Inflation Rate
Egoras has a base inflation rate of 3.52 per cent. Based on the total Egoras which is minted per year and paid to stakes. Payout is weekly.The inflation rate can also be reduced or increased by EGR holders.

Trading Fees Rewards
100% of all fees generated on egoras exchange is distributed to stakers. All the distribution will be done transparently and properly governed by EGR holders.

What is Mgoras?
Mgoras is a dApp for EGR holders to manage the collateralisation ratio of Daric(DXAU - a decentralized stable coin pegged to one ounce of gold).

Permissionless
You control your assets. Egoras is a decentralized, non-custodial platform, accessible using an Ethereum-supported wallet.

Easy To Use
A simple interface that allows you to manage your Funds. No middleman or third party controls your funds.

Honest And Transparent Rate
Egoras distributes up to 3.12% of total supply a year to stakers. Paid weekly. If only 1% of EGR is staked, the average return is 312% net.The inflation Rate is governed by EGR holders.

Inflation Rate
Egoras has a base inflation rate of 3.52 per cent. Based on the total Egoras which is minted per year and paid to stakes. Payout is weekly.The inflation rate can also be reduced or increased by EGR holders.

Trading Fees Rewards
100% of all fees generated on egoras exchange is distributed to stakers. All the distribution will be done transparently and properly governed by EGR holders.

DXAU - a decentralized stable coin pegged to one ounce of gold.

DXAU - a decentralized stable coin pegged to one ounce of gold.

Daric Total Supply

236.75068 1DXAU

Collateral Ratio

+6000 %

Total EGR Staked

40,276,883,679 EGR

Current Interest Rate

FEES +10 %APR

WHAT IS EGORAS PROTOCOL

Egoras protocol comprises two tokens: Daric token (DXAU - a decentralized
stable coin pegged to one ounce of gold) and Egoras token (EGR- a cryptocurrency used to
facilitate the stability of the Daric token). EGR tokens are also used to pay transaction
fees on the Egoras platform and provides holders with voting rights within
Egoras's voting system.

How Am I Rewarded For Staking Mgoras?

  1. 100% of the fees generated from the creation of Daric(dxau) token, will be distributed to EGR stakers in the form of interest.
  2. Interest will be distributed to EGR stakers in the form of the various assets that have been generated from the creation/redemption of Daric token. This includes ETH, EGR, DAI and other altcoins depending on the accumulated assets.
  3. Egroras staker receive EGR staking rewards, which are created through the inflationary monetary policy.

What Are The Risks?

Of course, any financial endeavour carries risks and you need to be sure you understand these before staking. Crypto markets are extremely volatile, so Daric collateral tokens may go below 100% collateral ratio due to volatility.

Mgoras is built to minimize the risk to EGR stakers: any losses are first covered by diverting all staking rewards and fees generated by the creation/redemption of daric(DXAU) token until the DXAU is properly backed(100% collateral ratio). To further protect the EGR stakers, Egoras also committed 35B EGR as an additional second layer buffer to the EGR stakers. Meaning, EGR stakers principle is only risked if the first two buffers are depleted. These reserves are substantial: The 35B EGR will be the frontline risk capital should the collateral tokens goes below 100% collateral ratio on a given day.

TRUSTLESS REWARD

Stakers earn a higher rate of return the fewer tokens that stake. More coins staked, means a lower supply available on the market and proper backings for Daric token, which can mean a higher price.

100 DAYS

1 665 eth

333 076 usd

FAQ

FREQUENTLY asked questions

What is Mgoras?

Mgoras is a dApp for EGR holders to manage the collateralisation ratio of Daric(DXAU - a decentralized stable coin pegged
to 1 XAU.), receive EGR staking rewards, which are created through the inflationary monetary policy and also receive egoras exchange rewards, which
are fees generated from the creation/redemption of daric(DXAU) token.

What is Egoras Protocol?

Egoras protocol comprises two tokens: Daric token (DXAU - a decentralized stable coin pegged to 1 XAU.) and Egoras token (EGR- a
cryptocurrency used to facilitate the stability of the Daric token ). EGR tokens are also used to pay transaction fees on the Egoras platform and provides holders with voting rights within Egoras's voting system.

What is DARIC?

Daric is the world’s first leading decentralized stablecoin soft-pegged to one ounce of gold.

How am I rewarded for staking Mgoras?

  1. Egoras staker stake their EGR to mgoras to properly back daric(dxau) token.
  2. 100% of the fees generated from the creation of Daric(dxau) token, will be distributed to EGR stakers in the form of interest.
  3. Interest will be distributed to EGR stakers in the form of the various assets that have been generated from the creation/redemption of Daric token. This includes ETH, EGR, DAI and other altcoins depending on the accumulated assets.
  4. Egroras staker receive EGR staking rewards, which are created through the inflationary monetary policy.

What are the risks?

Of course, any financial investment carries risks and you need to be sure you understand these before staking. Crypto markets are extremely volatile, so Daric collateral tokens may go below 100% collateral ratio due to volatility.

Mgoras is built to minimize the risk to EGR stakers: any losses are first covered by diverting all staking rewards and fees generated by the creation/redemption of daric(DXAU) token until the DXAU is properly backed(100% collateral ratio).
To further protect the EGR participants, Egoras also committed 35B EGR as an additional second layer buffer to the EGR stakers. Meaning, EGR stakers principle is only risked if the first two buffers are depleted.
These reserves are substantial: The 35B EGR will be the frontline risk capital should the collateral tokens goes below 100% collateral ratio on a given day.

Do I need an account?

You do not need an account to use Egoras. However, you will need an Ethereum wallet. Mgoras supports most Ethereum browser wallets such as Metamask and fortmatic.

Is Mgoras secure?

Security is our top priority. The Mgoras team regularly conducts audits on our smart contracts. In addition, the Mgoras code is open-source, giving the community the
ability to pressure test and audit the core technology.

Will I be charged a fee to use Mgoras?

Mgoras is free to use. However, you will have to pay gas.

How can I contact the Mgoras?

You can reach the Mgoras team by contacting us on Telegram.