Imaginary

Screenshots

Problem Statement

Imaginary is a framework for using an asset's value independently of the asset. The protocol mirrors an illiquid asset's value into external, liquid tokens. These tokens are stablecoins, with their value pegged to a specific reference currency. Assets that may have long-term holding value, illiquid value, or inherently growing value can be locked within Imaginary, and without selling, have their value converted into stablecoins.

Solution

This project combines some of the best tech in blockchain. Our project uses NFTs to easily track user data and deposited balances. We also use chainlink oracles extensively throughout the platform to track and retrieve accurate price data of the deposited assets. We use Moralis to connect the front-end to the blockchain.