Collateralized Debt Positions
Powering the USDi through a money market that acts as the cornerstone of Injera
Last updated
Powering the USDi through a money market that acts as the cornerstone of Injera
Last updated
Injera utilizes a CeDeFi way of creating a synthetic USD. The Injera Money Market serves to collateralize USDi on-chain. Each USDi is backed by the overcollateralization of major crypto assets such as BTC, ETH, USDT, INJ etc.
The goal of the Injera Money Market is to:
Allow users to efficiently and permissionlessly create Collateralized Debt Positions (CDP), to borrow USDi
Earn borrowing spreads through which these yields are also passed back to USDi holders
Adds an additional layer of stability mechanism to maintain USDi peg
Deepen on-chain liquidity on Injective, which has the net effect of boosting overall revenue across all ecosystem DAPPs
