completed
Solve asset fractionalization
Current Project Status
Complete
Amount
Received
Received
$90,000
Amount
Requested
Requested
$90,000
Percentage
Received
Received
100.00%
Solution
The creation of a canonical smart contract where whitelisted assets (and bridges) can exchange their bridged asset by a canonical version that will be used by the Cardano ecosystem.
Problem
Multiple bridges connected to Milkomeda and Cardano result in the creation of multiple assets (derivatives) which fragment liquidity (of the same asset e.g. USDC) and impact UX in protocols.
Impact / Alignment
Feasibility
Auditability
Team
Team Connections
