I met my 2 co-founders when I was 19. We hadn’t talked in a while - I was co-founder and CTO at a company that I sold back in 2019. I was tired of the corporate environment. In 2013, I bought Bitcoin for the first time. I've been a Bitcoiner since. I didn't follow the space that closely, but 2 years ago, when I sold my company, I knew I wanted to do something in crypto. I knew it was hard to borrow against crypto by going to banks.
Arkadiko is a decentralized, non-custodial liquidity protocol where users can collateralize their STX tokens and borrow a stablecoin called USDA.
This enables you to gain increased liquidity in the form of a soft-pegged US Dollar stablecoin, while maintaining original asset exposure. Your STX tokens generate a yield, which pays back the USDA loan automatically over time. At current yields, it takes about 3 years to pay back your loan completely. No need to worry about monthly payments.
Arkadiko is a first of its kind initiative to bootstrap a flourishing Stacks DeFi ecosystem.
Our primary objectives are:
- Increase utility and efficiency of assets on the Stacks blockchain
- Establish USDA as the decentralized, asset-backed stablecoin of Stacks.
- Kickstart Decentralized Finance on Stacks by providing an essential DeFi building block.