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
Stablecoins Usage by Chain
| Name | Bridge | |||||
|---|---|---|---|---|---|---|
| 0 | <0.0001% | <0.0001% | +7.95% | 1.53m |