Blockchain

Company

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IT’S NOT ABOUT IDEAS, IT’S ABOUT MAKING IDEAS HAPPEN IT’S NOT ABOUT IDEAS, IT’S ABOUT MAKING IDEAS HAPPEN IT’S NOT ABOUT IDEAS, IT’S ABOUT MAKING IDEAS HAPPEN IT’S NOT ABOUT IDEAS, IT’S ABOUT MAKING IDEAS HAPPEN IT’S NOT ABOUT IDEAS, IT’S ABOUT MAKING IDEAS HAPPEN

Money on Chain

A DeFi solution that provides a stablecoin collateralized in Bitcoin.

  • ● StableCoin
  • ● DeFi
  • ● Decentralized Exchange
  • ● Open Source
Money on Chain

Problem to solve

Money On Chain solves one of the most notorious problems in the industry, the volatility of Bitcoin. That is why the StableCoin DOC or Dollar On Chain was created, being the first stablecoin backed by bitcoins, providing the guarantee directly to the Smart Contract.


About the solution

Money On Chain is a DeFi solution that provides a stablecoin collateralized in Bitcoin. The protocol enables the creation of new Stablecoin Tokens, allowing transactions on innovative financial systems to be free from the volatility of the current cryptocurrencies markets. Money on Chain was a technical, challenging and fun product to build; The idea of creating a stablecoin backed by Bitcoins was unprecedented, but ultimately all the building blocks were there. We were able to articulate the complexity of the MoC economic model in a decentralized way and regulated by a set of smart contracts in the RSK network.

Challenge →

As this is a living product that will evolve within the DeFi industry, the solution had to be versatile enough to incorporate changes and meet high security standards; A DAO-like structure with a governance framework was built to manage the changes. The model also required data from external sources, the USD valuation of collateral assets, so an Oracle was also created following decentralized approaches.

Why Blockchain?

Possibility of being able to invest in Bitcoin in a safe and decentralized way, taking advantage of the economic models of decentralized finance (DeFi).