PolkaFi is a project to implement a cross-chain, multi-collateral stablecoin on Polkafoundry network. It aims towards a complete decentralized operation, where the stablecoin - pUSD is created using assets from blockchains connected to the Polkafoundry network as collaterals. It can be used by any blockchains and their applications on the Polkafoundry network. Holders of the crypto assets supported by PolkaFi Platform can generate pUSD tokens by depositing the assets into a Collateralized Debt Position (CDP) through the pUSD stablecoin protocol. pUSD tokens are also available for purchases from brokers or exchanges.
pUSD - The Stablecoin
PolkaFi is the decentralized platform for pUSD - a cross-chain, multi-collateral stablecoin on Polkafoundry network.
The target price
1 pUSD ~ 1 US Dollar
cFi - The Convertible token
cFi is the token used in the Convertible Mechanism of the Platform. First, cFi tokens will be put on sale to pUSD holders at an expected price of below 1 pUSD. Later, under certain conditions, cFi holders are able to convert their cFi tokens to pUSD tokens at a 1:1 ratio from the PolkaFi Keep, expected to make a profit from their purchases of cFi tokens at less than 1 pUSD previously
Fi - The Governance token
How does PolkaFi work?
Tokenomics - Fi Tokens
First version of whitepaper, landing page
Prototype design & testing confirm the concepts on whitepaper
UI/UX design/architecture design for MVP version.
Development & release MVP version
UI/UX design/architecture design for full version
Develop and launch test-net version
Research on relevant Dapps for potential
the ecosystem (P2P lending, flash loan...)
Launch main-net version
Develop potential extension on the ecosystem.
Our team & advisors