@stengarl
Pinned post
A big reason why non-USD stables keep struggling?
Every currency has to bootstrap its own pools from scratch.
Now, what if they could all share the same reserve asset?
Anything on Polaris can go in and out of pETH at peg, so a future JPYp wouldn’t start from zero liquidity, and swapping it for USDp wouldn’t need a pool of its own.
And the more currencies join, the more forex activity turns into yield for everyone.
Basically an onchain FX network where every currency settles through one shared reserve that earns on every trade.View quoted post on X
Meet "the yen, onchain."
Most of onchain finance runs on the dollar.
JPY DeFi gives the yen its own rails.
Mint it against $ETH, @LidoFinance 's $wstETH, and $USDC permissionlessly.
For traders, builders, researchers & funds.
app.jpydf.comView quoted post on X
