Inter Protocol User & System Docs
Explore our docs which include broader system-level documentation and user how-to guides to help you dive in and start using the Inter Protocol.
What is the Inter Protocol?
The Inter Stable Token (IST) is an evolving, fully collateralized, cryptocurrency-backed decentralized stable token for the interchain ecosystem on the Agoric chain. The Inter Protocol, which mints IST, will grow to encompass a variety of minting mechanisms controlled with granular minting limits that creates a dynamic stable token model which has never existed before.
IST is designed to maintain parity with the US dollar (USD) for broad accessibility and provide Agoric and the interchain ecosystem users an asset with minimum price volatility. In addition, IST is the native fee token for the Agoric platform and provides some of the core functionality and stability for the Agoric cryptoeconomy.
The broader Inter Protocol comprises of a set of contracts, deployed on the Agoric blockchain, which manage the minting, burning, stability mechanisms, and governance of IST. See an example diagram of expected core contracts and their relationships below. This model will evolve with Inter Protocol based on the desires of the BLD community.
Note: For our Inter Protocol MVP, only the Parity Stability Module (PSM) and Agoric Smart Wallet will be live upon launch. We will be deploying the remaining contracts including Vaults, Reserve, Liquidation and BLD Boost over the coming months.
Inter Protocol contract flow diagram
Feel free to explore our system documentation to learn more about:
- 1.How IST is governed
- 2.How IST maintains its stability
- 3.How each contract operates, with links to the code
Welcome to the Inter Protocol!