IST is a fully-collateralized, cryptocurrency-backed stable token for use across the Cosmos ecosystem. It's designed to maintain parity with the US dollar (USD) for broad accessibility. Initially, you can mint IST with bridged DAI, USDC, and USDT using the Parity Stability Module (PSM). However, new and exciting minting mechanisms like Vaults and BLD Boost are coming soon! IST is built on Agoric and will act as the native fee token once enabled. Additionally, holders of the Agoric BLD token (‘the BLDer DAO’) have sovereign governance over the protocol. A recently elected Economic Committee will manage risk parameters, evaluate new collateral types, monitor protocol operations, and respond to process improvement proposals.
Enjoy low-spread, low-fee trades between IST and high-quality stable tokens like DAI, USDC, and USDT.
Deposit collateral like ATOM to create a Vault and borrow IST, giving you the freedom to participate in the $10B+ interchain market while holding onto your collateral.
Enhance your staked Agoric BLD tokens by minting IST against future staking rewards.
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Continue to make IST accessible to protocols across the entire Cosmos ecosystem.
Following a round of community input, the new draft of our whitepaper will also include details on the new liquidation mechanism design.
Our second application will introduce a new minting mechanism that enables you to lock ATOM and other crypto assets to mint IST.
Vaults require a robust liquidation model. Inter Protocol will launch with a dutch auction model for collateral liquidation which has been successful across other DeFi protocols. IST’s model will allow users to bid directly for assets in multiple ways.
Inter Protocol will receive price feeds from a decentralized oracle network led by Simply Staking and other experienced oracle node operators in the Cosmos community. This network will use Chainlink’s model and software with contracts adapted for Agoric’s framework.
The Reserve Pool provides Inter Protocol a central place to hold additional over-collateralizing assets and to manage accounting of the protocol. Over time, the Reserve may expand to provide the protocol additional asset management capabilities.
Funded bounties for community developers build tools and infrastructure for IST.
The economic protections put in place to support IST.
What the people are saying about IST.