The Moony Reserve is the trustless mechanism through which all MNY enters circulation, exclusively in exchange for verifiable onchain capital. Rather than relying on discretionary allocation, private sales, or centralized control, the entire MNY supply is held in a smart contract that releases tokens into circulation according to transparent, immutable rules. This ensures that every unit of MNY is acquired on equal terms, with no special access or preferential treatment.
Deposited capital remains onchain as redemption liquidity. Every unit of MNY in circulation corresponds to capital held in the Reserve, and the ability to redeem at price levels determined by the pricing curve is a mathematical invariant of the system. This creates a persistent, verifiable liquidity foundation that grows with the network.
Reserve Addresses
How It Works
All MNY enters and exits circulation through the Reserve. Both buying and selling execute atomically onchain, requiring no intermediaries, approvals, or custodial trust.
Deposit USDF into the Moony Reserve to acquire MNY. The amount received is determined by the current position on the pricing curve. As more MNY enters circulation, the price increases along the curve.
Return MNY to the Reserve to redeem USDF at the current curve price, with a 1% fee applied. Redemption liquidity is a mathematical invariant of the system, maintained by the capital held in the Reserve.
Fee Model
There is no fee to acquire MNY from the Reserve. Redemptions incur a 1% fee, deducted from the USDF returned to the participant. This fee is hardcoded in the smart contract and applies uniformly to all redemptions regardless of size or participant.
The fee creates deliberate economic friction on sell-side transactions, making sandwich attacks and other MEV extraction strategies unprofitable against the pricing curve.
Fee proceeds are directed to Flipcash Inc., the company that designed and maintains the open-source platform on which Moony was created. The fee supports Flipcash’s continued development of its infrastructure and tooling.
Reserve Asset: USDF
USDF is a dollar-denominated stablecoin that serves as the Moony Reserve’s unit of account. Issued by Flipcash Inc. as a Coinbase Custom Stablecoin, each USDF is fully backed 1:1 by U.S. dollar-denominated collateral held in segregated Coinbase custody.
While Flipcash and Coinbase manage USDF issuance and custody, neither controls the Moony protocol. All pricing, distribution, and redemption behavior is governed solely by immutable onchain logic.
Open-Source Infrastructure
The Moony Reserve was created by Moony Labs, LLC on the Solana blockchain using open-source smart contract infrastructure developed and publicly released by Code Inc. Once created, neither Moony Labs nor Code Inc. maintains any control over the protocol. All distribution, pricing, and redemption behavior is governed exclusively by immutable onchain logic that cannot be altered by any party.
This architecture makes Moony fully open and composable. Developers can integrate MNY across wallets, applications, and protocols without permission or coordination.
The underlying smart contract infrastructure is released under the MIT License, a permissive open-source license that allows unrestricted use, modification, and distribution.
The smart contract infrastructure has been independently audited by Sec3, a security firm specializing in Solana program analysis. The audit was completed in January 2026 with all findings resolved. The full report is publicly available.