Evolving, Responsive, Decentralized

IST is the over-collateralized, risk-managed stable token for the interchain. Start your journey today!

Inter the Vaults

Leading up to the launch of Vaults, work together with the IST community to unlock the reward behind the Vaults. The quest will run for 7 days, testing your wits as you solve the mystery and reveal the hidden secret!

Ride Dynamics

IST is an over-collateralized, cryptocurrency-backed stable token for use across the interchain 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). The second minting mechanism Vaults, coming in Q2, will enable users to mint IST by locking up collateral such as ATOM. 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 will manage risk parameters, evaluate new collateral types, monitor protocol operations, and respond to process improvement proposals.

Recent tweets

Vaults
Coming Soon

Deposit collateral like ATOM to create a Vault and mint IST, giving you the freedom to participate in the $10B+ interchain market while holding onto your collateral.

PSM
LIVE

Enjoy low-spread, low-fee trades between IST and high-quality stable tokens like DAI, USDC, and USDT.

BLD Boost

Enhance your staked Agoric BLD tokens by minting IST against future staking rewards.

Ecosystem Bits

IBC-Native

IST is available to all chains in the growing IBC ecosystem.

Fee Token

IST is the native fee token for the Agoric chain.

2023 Roadmap

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Whitepaper v1
Following a round of community input, the new draft of our whitepaper will also include details on the new liquidation mechanism design.
IST Across Cosmos
Continue to make IST accessible to protocols across the entire Cosmos ecosystem.
Vaults
Our second application will introduce a new minting mechanism that enables you to lock ATOM and other crypto assets to mint IST.
Liquidation Auctions
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.
Oracle Network
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.
Reserve
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.
Bounties
Funded bounties for community developers build tools and infrastructure for IST.

Structural Integrity

The economic protections put in place to support IST.

Collateralization

Although IST is currently fully-collateralized, the release of Vaults will enable IST to be over-collateralized, meaning that for each newly minted IST token, there is a higher amount of collateral backing it. This enables the protocol to factor in the volatility of crypto assets and provides backing for each IST.

Liquidations

Although IST is currently fully-collateralized, the release of Vaults will enable IST to be over-collateralized, meaning that for each newly minted IST token, there is a higher amount of collateral backing it. This enables the protocol to factor in the volatility of crypto assets and provides backing for each IST.

Economic Committee

Our Economic Committee (EC) is an essential part of Inter Protocol and the stability of IST. The EC includes crypto, TradFi, economic, and FinTech experts delegated by BLD holders to manage the technical-economic parameters of IST.

Reserve

The Reserve is a fund of diversified cryptocurrencies held by the Inter Protocol as Protocol Controlled Value (PCV). This provides an emergency fund that can cover a shortfall in a major liquidation or extreme market volatility.