ID: #900192 | Status:
Complete

Last updated 461 days ago

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.

Completed outcome

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Total to date

This is the total amount allocated to Solve asset fractionalization. 4 out of 4 milestones are complete

$90,000
Total funds requested
Distributed: $90,000
Remaining: $0
11/22
00/23
01/23
02/23
Complete
In Progress
To be completed
430
Total votes cast
₳236M
Votes yes
₳23.2M
Votes no

Monthly report

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Progress report

Status:
On track: No
Estimated completion date: -

Progress report

Status:
On track: No
Estimated completion date: -

Progress report

Status:
On track: No
Estimated completion date: -

Progress report

Status:
On track: No
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