Welcome to Elliptic
tl;dr borrow TAL against ckBTC
Checkout our app: https://bvy5a-6yaaa-aaaam-abt3q-cai.icp0.io/
Elliptic is a decentralized over-collateralized stablecoin backed by ckBTC on the Internet Computer. The Elliptic protocol allows you to borrow TAL against ckBTC.
A one time fee of 0.5% is charged to borrow TAL.
Get an efficient amount of TAL for your ckBTC (110% Collateral Ratio).
Provide liquidity and earn ckBTC at a discount.
The protocol leverages the same design as the liquity protocol. This design has been field-tested over several years now and proved its robustness in different market conditions.
Why TAL? Hieronymus Schlick was a Bohemian count who authorized the minting of Joachimsthalers, after Joachimsthal, the valley in which the silver was mined. Joachimsthalers was later shortened to taler or thaler, the origin of the word "dollar". TAL is the ticker symbol of Taler.
Socials:
Please note that although the system is diligently tested, a hack or a bug that results in losses for the users can never be fully excluded.
Checkout Elliptic App: https://bvy5a-6yaaa-aaaam-abt3q-cai.icp0.io/
Last updated
