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{"ops":[{"insert":"Linked is an asset linking project based on collateralization. The first asset implemented on linked is a stablecoin based on the USD. Linked aims to be more than a stablecoin. The goal is to create a decentralized collateralized ecosystem where everyone can create a linked asset. \n\nLinked is different from other (decentralized) stablecoin projects because:\nlinked does not have an additional (governance) token. The only tokens used is the stablecoin. Holders of the stablecoin and the collateral positions can directly vote in the system (using quadratic voting)."},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"linked incentivizes ether holders to collateralize the system by paying a stability reward. This reward is funded by the stability tax paid by the stability token holders."},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"\"under research\" - linked aims to implement a new version of price oracles. This is a market curated price oracle. Where the market can make trades based on the price oracle prices. Every transaction adjust the price toward the market curated price. Notice that the price is bound by the price oracle input, but is adjusted by the market. This minimizes the trust in the price oracle. As long as one price in the oracle is fair the market is incentivized to use that price and therefore adjust the faulty oracle."},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"\nThe key design principles for linked are:\nMaximize decentralization"},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"Minimize complexity:"},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"no additional tokens"},{"attributes":{"indent":1,"list":"ordered"},"insert":"\n"},{"insert":"minimal code"},{"attributes":{"indent":1,"list":"ordered"},"insert":"\n"},{"insert":"single collateral (ether)"},{"attributes":{"indent":1,"list":"ordered"},"insert":"\n"},{"insert":"Incentivize collateralization"},{"attributes":{"list":"ordered"},"insert":"\n"},{"insert":"\nFor the alpha implementation go to: www.banq.link\n"}]}

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