eINR: Algorithmic INR Stablecoin
IntroductionThis is in continuation to discussion on India DEX: https://mirror.xyz/0xe6C8Af57C3ea1aFdcd210a78792e80329c19c998/GC9H5hMGW2VaNp5PAx8inY9_bb2yjL2jIqdR56ANLJs The crypto ecosystem has long needed a reliable, decentralized Indian Rupee stablecoin. Today, we're excited to present eINR - a community-governed, over-collateralized algorithmic stablecoin that maintains its peg without relying on oracles.Technical Arch of eINR StablecoinLearning from HistoryThe history of algorithmic...
eINR: Algorithmic INR Stablecoin
IntroductionThis is in continuation to discussion on India DEX: https://mirror.xyz/0xe6C8Af57C3ea1aFdcd210a78792e80329c19c998/GC9H5hMGW2VaNp5PAx8inY9_bb2yjL2jIqdR56ANLJs The crypto ecosystem has long needed a reliable, decentralized Indian Rupee stablecoin. Today, we're excited to present eINR - a community-governed, over-collateralized algorithmic stablecoin that maintains its peg without relying on oracles.Technical Arch of eINR StablecoinLearning from HistoryThe history of algorithmic...
The need for an India DEX
The recent events in the Indian crypto space have highlighted critical issues that need addressing:Exchange Vulnerabilities: The $200M WazirX hack demonstrated the risks of centralized exchangesFund Access Issues: Multiple exchanges (CoinDCX, Coinswitch) have restricted withdrawalsRegulatory Challenges: 30% tax burden is hampering innovation in India's Web3 spaceLimited Options: Indian users face restricted access to global opportunitiesThe Solution: A Two-Pronged Approach1. eINR: An INR...
The need for an India DEX
The recent events in the Indian crypto space have highlighted critical issues that need addressing:Exchange Vulnerabilities: The $200M WazirX hack demonstrated the risks of centralized exchangesFund Access Issues: Multiple exchanges (CoinDCX, Coinswitch) have restricted withdrawalsRegulatory Challenges: 30% tax burden is hampering innovation in India's Web3 spaceLimited Options: Indian users face restricted access to global opportunitiesThe Solution: A Two-Pronged Approach1. eINR: An INR...
