Trinity22

Problem Statement

The current stablecoins in the crypto ecosystem are Capital-Inefficient stablecoins. The Credit Default Swap market currently exists only in traditional finance and is centralised by big financial players that are opaque with their processes. They also face the critical issue of delayed auction mechanism in liquidating collateral amount. Our project aims to solve these problem statements by bringing this to the DeFi ecosystem.

Solution

We faced a challenge while building the logic for protecting the downside of a borrower on our platform and in building a rock-solid tokenomics structure for the project in the time limit of the hackathon. We overcame this by analysing the different aspects of the finance flow and coming up with a design that aims to protect stakeholder interest and secure the platform .