All projects

PKRX

PKRX is a fait-backed stablecoin built using chainlink CCIP, CCID, ACE and CRE workflows.

DeFi & Tokenization Tenderly

What it is

PKRX is a fait backed stablecoin which will be pegged against PKR. Pkistan has around 30B$ of assets in crypto and ranks third globally in crypto adoption. Pakistan receives 36B$ in remittance annually, stablecoin will make it faster and cheaper.
User will send fait to reserves, CRE workflow will confirm it onHTTP trigger and will mint coins in compilance with ACE policies. Same is for redeem and ccip transfers.
This stablecoin will help in fast and cheap cross-border payments. It will connect Pakistan with defi.

How it Works

It is built using:

  • ccip for cross chain transfer
  • ccid for cross-chain identity
  • Chainlink ACE for compilance policies enforcement
  • CRE workflow to connect offchain data with onchain execution
    -Tenderly virtual testnets for debugging and testing

Links

Created by

  • Ubaid Ullah Chaudhry