Inter Protocol’s IST Vaults Have Launched on Agoric | Bitcoinist.com
Inter Protocol has just dropped the news of its proprietary IST Vaults on the Agoric chain, via a recent press release. With the goal of making IST usable in...
- Inter Protocol has announced the launch of its proprietary IST Vaults on the Agoric chain.
- IST Vaults allow interchain assets to be used as collateral to mint IST, with ATOM being the first supported asset.
- The Vaults operate on a hybrid collateralization structure, ensuring stability and resistance to market shocks.
- IST can be arbitrated and traded back at a 1:1 exchange rate via the PSM, maintaining parity with other stablecoins.
- The stability of IST is supported by the elected economic committee and community control.
- The introduction of Vaults enhances the scalability of IST, according to Zaki Manian, the Director of Decentralized Cooperation Foundation.
The article has an overall positive sentiment, highlighting the benefits and potential of Inter Protocol's IST Vaults and their impact on the Agoric ecosystem.