ID: Idea #419165

Solve asset fractionalization

Problem

Multiple bridges connected to Milkomeda and Cardano result in the creation of multiple assets (derivatives) which fragment liquidity (of the same asset e.g. USDC) and impact UX in protocols.

Solution

The creation of a canonical smart contract where whitelisted assets (and bridges) can exchange their bridged asset by a canonical version that will be used by the Cardano ecosystem.

Total so far

This is the total amount allocated to Solve asset fractionalization

Total Funds Requested

$90,000

Distributed
$90,000
Remaining
$0
430
Total votes cast
₳236M
Votes yes
₳23.2M
Votes no

Project milestones

4/4 milestones complete

Explore all milestones in-depth

More detail

Completed outcome

Monthly report

Progress report

Status: Completed
On track: Yes
Estimated completion date: -

Progress report

Status: In progress
On track: Yes
Estimated completion date: -

Progress report

Status: In progress
On track: Yes
Estimated completion date: -

Progress report

Status: In progress
On track: Yes
Estimated completion date: -

Team

The team is part of the core developers of Milkomeda and it has developed multiple critical infrastructure tooling for Cardano e.g. cardano-serializaion-lib, carp, Flint, CIPs, etc.

Sebastien Guillemot
Sebastien Guillemot
nicoarqueros
nicoarqueros
dcSpark
dcSpark