Help & Documentation
How the protocol works, tokenomics, live contract addresses, the API, and answers to common questions.
Overview
Mordiem is a compute exchange with an on-chain token economy on Base. It ties three things together: a staked base token (MDM), a compute-credit token (MCU), and a capital loop that turns deposited yield into MDM buyback-and-burn.
Stake MDM to get sMDM 1:1 and earn the staker half of daily emission. Free sMDM earns the full rate; unstaking is a 7-day thaw.
Open MDM dashboard →Lock free sMDM on the bonding curve to mint MCU. Stake MCU to receive about $1/day of API credit per unit, snapshotted at midnight UTC.
Learn about MCU →Deposit USDC, wstETH, MOR, or VVV. Keep your principal; the yield funds MDM buyback-and-burn, and you earn the capital half of emission.
Capital tab →Create an API key and call the OpenAI-compatible endpoint. Pay per token, with card, crypto, or staked-MCU credit.
API docs →Tokenomics
MDM is Mordiem’s base token on Base (chain 8453). Genesis supply is minted to the treasury; all further MDM enters circulation only through the emission curve. Stake MDM to receive non-transferable sMDM 1:1 and earn a share of daily emission.
Emission follows a closed-form curve from genesis, paid continuously. Each interval’s emission is split 50% to sMDM stakers and 50% to capital providers, each pro-rata within its half. Locked sMDM forfeits half of its staker share to the treasury, so free staking always out-earns locked collateral.
sMDM is your staked MDM. It is not transferable and not a wrapper. Free sMDM earns the full staker rate; locked sMDM (collateral behind MCU) earns half until you burn MCU to unlock it. Unstaking free sMDM takes a 7-day thaw.
Lock free sMDM on the bonding curve to mint MCU at rate N = reserve MDM / reserve MCU. Staked MCU earns roughly $1/day of Mordiem API credit per unit, snapshotted at midnight UTC. MCU is a transferable ERC-20, but the right to unlock the sMDM behind it stays with the minting wallet.
Capital providers deposit USDC, wstETH, MOR, or VVV. Principal stays yours (7-day thaw to withdraw); the yield is surrendered to the treasury. USDC-native yield routes straight into the Buyback Ledger for MDM buyback-and-burn; in-kind yield (wstETH/MOR/VVV) is converted by the treasury. Providers earn the capital half of daily emission.
All upgrades and privileged parameters flow through a 10-day TimelockControllerwith the treasury multisig as proposer/executor. Adapters are non-upgradeable and swapped individually behind the same delay. A pause-only guardian can halt deposits/harvest in an emergency but can never move funds.
On-chain
Live on Base mainnet (chain 8453), verified on Basescan. Governance runs through a 10-day timelock; the deployer holds no roles.
Upgradeable (UUPS) contracts owned by the 10-day timelock.
Non-upgradeable venue adapters, individually replaceable via the timelock.
Three rotating staker proxies for one MDM-owned Morpheus subnet, isolating MDM from the legacy subnets.
Deposit these on the Capital tab. You keep principal; yield funds MDM buyback-and-burn.
Developers
Mordiem exposes an OpenAI-compatible API. Point any OpenAI SDK at the Mordiem base URL and authenticate with an API key as a Bearer token.
https://api.mordiem.com/api/v1
Authorization: Bearer <your-key> — create one on API Keys.
Chat, embeddings, images, audio, and video, all on the OpenAI surface.
Cover usage with card, crypto, or staked-MCU credit. Prices in Explore models.
Full reference, request/response examples, and streaming details are in the API documentation.
Questions