IST is an over-collateralized stable token for use across the interchain ecosystem. It's designed to maintain parity with the US dollar (USD) for broad accessibility. You can mint IST with bridged DAI, USDC, and USDT as well as Native USDC/USDT using the Parity Stability Module (PSM), or, by locking IBC collateral such as ATOM and stATOM using Vaults. IST is built on Agoric and will act as the native fee token once enabled. Additionally, BLD stakers have sovereign governance over the protocol. An elected Economic Committee (EC) manages risk parameters, evaluates new collateral types, monitors protocol operations, and responds to process improvement proposals.
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Following a round of community input, the new draft of our whitepaper will also include details on the new liquidation mechanism design.
Vaults introduce a new minting mechanism that enables you to lock ATOM, stATOM, 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 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.
Continue to make IST accessible to protocols across the entire Cosmos ecosystem.
The economic protections put in place to support IST.
What the people are saying about IST.