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add $DINERO whitepaper

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steinkirch.eth, phd 2023-04-13 10:54:07 -07:00 • committed by GitHub
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MEV_and_trading/stablecoins/DINERO.md Normal file
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## dinero
<br>
### tl; dr
* [Redacted] Cartel started as an OHM-fork, generating +$100MM in treasure, and then creating an ecosystem of products.
* $DINERO is their upcoming stablecoin with collateralized debit position (cdp) and peg stability module (psm).
* this means you can deposit $ETH or $pxETH (ther LSD) to take out loans in $DINERO (ie, CDP). with PSM, the protocol will always sell or buy $DINERO for $1 and arbitrageurs will maintain the peg.
* redacted cartel is building their own relayer with 2 features: protect from mev and accept $DINERO as gas payment.
* the relayers can be validated by dinero protocol validators (where their lsd strategy comes in).
<br>
----
### resources
* [whitepaper](https://github.com/redacted-cartel/dinero-litepaper/blob/master/Dinero%20Protocol%20litepaper%20-%2020230406%20-%20v1.0.pdf)