Introduction

Linked connects financial and real assets to the blockchain by collateralization of ether, the native token of the ethereum blockchain.

Overview docs

The goal of linked is to make it possible for users to deploy their own linked assets. The first iteration is a stable coin (linked to the USD). This docs contain the following:

1. Tutorial deploy linked asset: how to create your own linked asset.

2. Tutorial linked USD: how to use the POC stablecoin based on the linked protocol.

3. Developer docs: detailed documentation on the smart contracts used in the linked protocol.

Linked USD stablecoin

Linked USD is different from other (decentralized) stablecoin projects because no additional governance token is needed, only the collateral and the stable token. Further ether holders are incentivized to open collateral positions because they are payed a stability reward (1.5%) in lUSD. The stability reward is payed for by the token holders (2%) as a stability fee. The other 0.5% is payed as developer fee, for the further development of the systems oracle and governance contracts. The key design principles for lUSD are:

1. Maximize decentralization

2. Minimize complexity:

   1. no additional tokens

   2. minimal code

   3. single collateral (ether)

3. Incentivize collateralization