Is MoneyOnChain Safe?
Risk Grade: C+ (37/100)
MoneyOnChain is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
Moderate risk — long-running Bitcoin-collateralized stablecoin with proven dual-token design, balanced by custom oracle dependencies and limited ecosystem adoption on RSK.
MoneyOnChain is a Bitcoin-collateralized stablecoin protocol running on RSK (Rootstock), the Bitcoin sidechain. It issues DoC, a USD stablecoin backed by BTC, alongside BPro, a token that absorbs Bitcoin's volatility to maintain DoC's peg. With $39M TVL and operating since 2019, its B- grade reflects a proven dual-token design offset by custom oracle risk and limited RSK ecosystem adoption.
TVL
$44M
Mechanisms
5
Interactions
4
Value Grade
D
Key Risks for MoneyOnChain Users
DoC's stability depends on sufficient demand for BPro tokens. If BPro holders exit during a sharp Bitcoin decline, the buffer that protects DoC's USD peg shrinks, potentially causing DoC to trade below $1.
The protocol uses its own custom oracle network (OMoC) for Bitcoin pricing rather than industry-standard solutions like Chainlink. A smaller oracle operator set may be more vulnerable to manipulation or downtime.
MoneyOnChain runs on RSK, a Bitcoin sidechain with relatively limited DeFi ecosystem compared to Ethereum L2s. This restricts the utility and composability of DoC and BPro tokens.
The dual-token model creates leveraged Bitcoin exposure for BPro holders. During extreme BTC drawdowns, BPro value can approach zero, eliminating the stability buffer.
Top Risk Factors
- •DoC is a USD stablecoin backed solely by Bitcoin collateral on RSK. During sharp BTC price declines, the system's collateral coverage can drop rapidly, and BPro holders who absorb volatility may face significant losses or choose to exit, reducing the buffer that protects DoC stability.
- •The protocol relies on its own decentralized oracle system (OMoC) for BTC/USD pricing. As a custom oracle with a smaller operator set than Chainlink, it may be more susceptible to manipulation or downtime, particularly during high-volatility periods when accurate pricing is most critical.
- •The protocol runs on RSK (Rootstock), a Bitcoin sidechain with merge-mining security. RSK has significantly less adoption and developer activity than Ethereum L2s, creating ecosystem risk and limiting DeFi composability for DoC and BPro tokens.
- •The dual-token model requires sufficient BPro demand to absorb BTC volatility for DoC holders. If BPro demand declines, the system's overcollateralization ratio drops, potentially threatening DoC's USD peg during market stress.
How MoneyOnChain Compares to Peers
MoneyOnChain ranks #8 of 29 Stablecoin protocols (top quartile — safer than most). At a risk score of 37/100, it's 6 points safer than the sector average of 43/100.
Adjacent peers: Frax Finance (C+, 36/100) is ranked just safer, and JupUSD (C+, 37/100) is ranked just riskier.
See the full Stablecoin sector leaderboard or the MoneyOnChain vs JupUSD comparison.
Common Questions about MoneyOnChain
Plain-English answers based on MoneyOnChain's scores across Hindenrank's 8 risk dimensions. The highest-scoring (riskiest) dimension is Vitality Risk (7/10).
Has MoneyOnChain ever been hacked or exploited?
MoneyOnChain has a fairly clean operational history. The track record dimension scored 5/15, indicating minor or no significant incidents on record. A clean track record is a positive signal but it does not guarantee future safety, especially as protocol complexity grows.
How much money is at stake in MoneyOnChain?
MoneyOnChain currently holds roughly $44M in user deposits. Smaller TVL means individual depositors carry a larger share of any loss event, and it can be harder to exit a position quickly during stress.
What's the worst-case scenario for MoneyOnChain?
Hindenrank has identified specific collapse scenarios for MoneyOnChain. The most prominent: "BPro Exodus During BTC Crash Destabilizes DoC Peg". The trigger condition is BTC drops more than 40% within 7 days while BPro redemptions exceed 30% of the total BPro supply, depleting the volatility absorption buffer below the minimum collateralization threshold for DoC.. Reading through the full scenario list on the protocol page is the single best way to understand the actual failure modes — generic "smart contract risk" is rarely the thing that takes a protocol down.
Is MoneyOnChain regulated or insured?
MoneyOnChain has some regulatory exposure (6/10), typical of mid-sized DeFi protocols. There is no specific enforcement action on record, but the structure includes elements that regulators have flagged in similar protocols. No DeFi protocol carries FDIC-style insurance — even with low regulatory risk, depositors are not protected in the way bank customers are.
What are the biggest red flags for MoneyOnChain?
Hindenrank's retail-focused risk audit flagged: DoC's stability depends on sufficient demand for BPro tokens. If BPro holders exit during a sharp Bitcoin decline, the buffer that protects DoC's USD peg shrinks, potentially causing DoC to trade below $1. The protocol uses its own custom oracle network (OMoC) for Bitcoin pricing rather than industry-standard solutions like Chainlink. A smaller oracle operator set may be more vulnerable to manipulation or downtime. MoneyOnChain runs on RSK, a Bitcoin sidechain with relatively limited DeFi ecosystem compared to Ethereum L2s. This restricts the utility and composability of DoC and BPro tokens.
Should beginners deposit into MoneyOnChain?
MoneyOnChain's C+ grade puts it in the elevated-risk band. This is not a beginner-friendly protocol. Anyone depositing here should treat the position as speculative and avoid concentrating significant savings in it.
How does MoneyOnChain compare to safer Stablecoin alternatives?
MoneyOnChain is one protocol in Hindenrank's Stablecoin coverage. The safest Stablecoin protocols on the leaderboard tend to share three traits: a long incident-free track record, conservative mechanism design, and high-quality public documentation. Compare MoneyOnChain against the full Stablecoin ranking before committing capital.
For the full 8-dimension score breakdown, the radar chart, and dependency graph, see the MoneyOnChain risk report.
Read the Full MoneyOnChain Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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