Collateralize your assets and mint stablecoins to increase your liquidity
Arkadiko is a decentralized, non-custodial liquidity protocol where users can collateralize their assets and mint a stablecoin called USDA. This enables depositors to gain increased liquidity in the form of a soft-pegged US Dollar stablecoin, while maintaining original asset exposure.
Utilising yield from PoX (Proof of Transfer), a STX-collateralized Vault that mints USDA creates a self-paying loan. Similar to MakerDAO, Arkadiko increases the capital efficiency of the STX asset by enabling it to be used in a collateralized debt position.
Next to the stablecoin, Arkadiko allows users to swap tokens in a trustless and permissionless manner. Users can deposit liquidity in tokens or add their own pairs to enable trading on tokens they have created themselves.
The ability of the Stacks blockchain to read native Bitcoin state makes it uniquely positioned to host DeFi on top of Bitcoin. Furthermore, the chain itself is secured by Bitcoin hashpower which is currently the most secure and infallible security mechanism in the world.
While a current custodial tokenized version of BTC exists on Stacks, first federated and eventually completely decentralized representation are in the works. The potential to use Bitcoin as a collateral asset in Clarity smart contracts on Stacks could position Arkadiko as key infrastructure in the layered future of Bitcoin.
Arkadiko is a first of its kind initiative to bootstrap a flourishing Stacks DeFi ecosystem. Our primary objectives are:
1) Increase utility and efficiency of assets on the Stacks blockchain
2) Establish USDA as the decentralized, asset-backed stablecoin of Stacks.
3) Kickstart Decentralized Finance on Stacks by providing an essential DeFi building block.
This portal acts as the main resource to learn about the fundamentals of the Arkadiko protocol.
Arkadiko is an open-source project on the Stacks blockchain and is constructed as a Decentralized Autonomous Organization (DAO). The project is managed by people around the world who hold its governance token, DIKO.