
How the pieces fit
- Wrapped currencies track a currency and are minted or redeemed against the chain’s dollar at the oracle rate.
- The oracle publishes the exchange rate used for minting, redemption, and launch sizing.
- Bonding curves provide the first market for each new token. Buys raise the price; sells lower it.
- Vaults hold the dollar backing for wrapped currencies. Backers add equity and earn fees.
- Earn lets anyone back a currency vault, receive shares, and collect 80% of mint and redeem fees.
How it works
From launch to curve trading to a locked liquidity pool.
Currencies
How wrapped currencies are issued, used, and redeemed.
Protocol
The contracts, oracle, vaults, and router.
Create a token
Launch a market in the currency you choose.