Interest Protocol(USDI)

Stablecoin Information

Interest Protocol (IP) is a fractional reserve banking protocol on the Ethereum blockchain that pays interest to all depositors. Interest Protocol issues a stablecoin, named USDi, that is both over-collateralized and highly scalable.

Category:crypto-backed

Minting and Redemption

Using the Interest Protocol app, users mint USDi by depositing an accepted collateral asset into a vault or swapping for USDC. When the loan is repaid to retrieve the collateral, the paid back USDi is burned.

Audits:No