Description
Chi Protocol operates a permissionless and autonomous Ethereum blockchain protocol for decentralized money. Its core product, USC, is minted against ETH, liquid staking tokens, and liquid restaking tokens at a 100% collateral ratio and is designed to maintain a 1:1 USD peg through an autonomous dual stability mechanism. Users can redeem USC for supported collateral, stake USC to receive stUSC and rewards, and participate in liquidity and governance activities using CHI, the protocol's governance token. The protocol provides web interfaces, analytics, documentation, and smart-contract source code for users and developers interacting with its ecosystem.