The ETBX protocol is a decentralized protocol that allows Ethereum holders to maximize collateral liquidity without paying interest. Once ETH is secured as collateral for a smart contract and a unique position called “NIBRETH” is created, users can immediately liquidate via Minting SETB, the fixed ETB ledger. Each NIBRETH must be guaranteed at least 110%. Each SETB holder can exchange the fixed currency for its original collateral at any time. An algorithmically coordinated reimbursement mechanism provides a stable minimum 1Bir (Ethiopian BIR). This is an unrivaled filtering mechanism based on Catalyst Stable deposits and the safer NIBRETH inventory redistribution cycle. Current sustainability systems are used through interaction and compromise with economic users rather than active governance or financial intervention. The protocol includes internal incentives leading to early adoption and multifaceted implementation to promote decentralization.
Sign in to view moreView Iris A.I. Ethiopia team members, milestones, financial details and documents.