LiskEquityID
Decentralized Tokenization of Indonesian Stocks with Custom Oracle on Lisk
Created on 10th August 2024
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LiskEquityID
Decentralized Tokenization of Indonesian Stocks with Custom Oracle on Lisk
The problem LiskEquityID solves
LiskEquityID bridges the gap between traditional finance and blockchain by allowing investors to tokenize and trade Indonesian stocks, on the Lisk blockchain. This project addresses several challenges:
- Accessibility: Traditional stock markets often require significant capital to participate, making it difficult for smaller investors to gain access. LiskEquityID enables fractional ownership, allowing anyone to invest in blue-chip stocks with smaller amounts of capital.
- Liquidity: The platform increases liquidity by enabling 24/7 trading of tokenized assets on decentralized exchanges (DEXs).
- Transparency: Using a custom oracle, LiskEquityID ensures accurate and real-time pricing of BBCA stock, eliminating the need for costly intermediaries.
- Cross-Border Investments: By leveraging stable and widely accepted currencies like ETH, LiskEquityID facilitates cross-border investments, providing emerging market investors access to stable and high-value assets.
Challenges I ran into
During the development of LiskEquityID, several challenges arose:
- Custom Oracle Development: Finding oracle for Indonesian stocks was challenging, so I end up building a custom oracle to fetch stock prices.
- Collateralization Logic: Implementing a collateralization ratio to safeguard against price volatility required precise calculations and optimization. Ensuring that users could only mint tokens when adequately collateralized, and allowing them to withdraw collateral without compromising the platform's stability, required thorough testing and iteration.
Tracks Applied (1)
Real-World Assets (RWA) Track
Lisk
Technologies used
Discussion
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