Is MoneyOnChain Safe?
Risk Grade: C+ (38/100)
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
$39M
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.
Risk Score Breakdown
MoneyOnChain's highest risk area is Vitality Risk (8/10). Here's how each dimension contributes to the overall 38/100 score:
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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