Four steps. No custody, no admin keys.
Approve exactly the amount of mTokens you want to exit. Nothing leaves your wallet.
From 1%. The highest discount is filled first; equal discounts — first come, first served.
When someone deposits or repays a loan, the queue is filled in the same block.
You receive the underlying token minus your discount, in one atomic transaction.
It's the same repayment of your Moonwell loan, just routed through our contract. Your cash goes straight to holders waiting in the queue, and you get 0.2% of it back in the same token.
The contract can only move your mTokens in the same transaction that pays you. Revoke the approval or leave the queue at any time.
Payout = what the market actually paid for your tokens × (1 − your discount). Never more is taken than you queued and approved.
No owner, no pause, no upgradeability. Anyone can trigger a fill — the queue works even if we disappear.