Decentralized stablecoin investments service mStable has been rattled by falling product revenue and the loss of key contributors – including a co-founder. But backers of the exchange and yield generator are hoping to keep it alive via a merger with another team.

At least four DeFi projects are expected to submit acquisition proposals for mStable by the end of Friday, said the pseudonymous 0xloth, the protocol’s strategy lead. At press time, on-chain asset management service dHEDGE had submitted the first bid on mStable’s forum.

A buyer would acquire mStable’s crypto assets, team and tech, including its smart contract-based vaults for generating yield on depositors’ stablecoins. Holders of mStable’s governance token MTA will ultimately get to vote on which proposal to accept.