Inter Stable Token $IST

Inter Protocol is a decentralized application hosted on the Agoric chain. The application introduces the Inter Stable Token (IST), an overcollateralized, crypto-backed stable token designed for use across the interchain ecosystem. This unique stable token is developed to maintain parity with the US Dollar (USD) to ensure broad accessibility.

Inter Stable Token (IST)

IST is an overcollateralized, cryptocurrency-backed token. The primary aim of IST is to provide stability in the volatile world of cryptoeconomics by maintaining parity with USD. This feature makes IST a valuable digital asset, especially for individuals and entities looking for a stable value store in the crypto space.

Applications of Inter Stable Token

Inter Stable Token (IST) isn't just a stable digital asset—it also serves as the native fee token for the Agoric platform. This role provides some of the core functionality and stability required for the efficient operation of the Agoric cryptoeconomy. The utility of IST extends beyond maintaining stability, contributing to the intrinsic value of the Agoric platform.

Technology Behind Inter Stable Token

The technology underpinning IST involves the utilization of Hardened JavaScript smart contracts written using the Zoe framework. The Zoe framework relies heavily on the Electronic Rights Transfer Protocol (ERTP) for token support. This combination of sophisticated technologies facilitates the stability and utility of the IST in the Agoric cryptoeconomy.