How Mobius Works

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Roles

• Lenders (LPs): Supply assets to Mobius money markets on HyperEVM to earn interest.
• Borrowers (Traders/Strategists): Open Credit Accounts, post collateral, borrow against it, and trade via ATAs.

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Lifecycle

1. Lend: Lenders deposit assets into HyperEVM pools and accrue interest from borrower activity.
2. Open a Credit Account: A borrower deploys a Credit Account smart contract on HyperEVM that tracks collateral, debt, and risk parameters.
3. Spin up an ATA: Inside the Credit Account, the borrower creates an Abstracted Trading Account (ATA) on HyperCore to trade spot, perps, or deposit into vaults.
4. Unified accounting: ATA equity counts as collateral in the Credit Account. The global Health Factor (HF) blends HyperEVM balances with ATA equity.
5. Rebalance as needed: Because HyperCore and HyperEVM margining are separate by default, borrowers or automated Rebalancers bridge funds between the Credit Account and ATA to avoid unilateral liquidation on HyperCore.