eINR: Algorithmic INR Stablecoin
Untitled
Dec 27
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...

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The need for an India DEX

The need for an India DEX

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The need for an India DEX
Untitled
Dec 27
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...