Decentralized Financial Infrastructure
An international system for issuing and circulating digital rights and assets with unified network rules and its own regulation of integrated participants.
Unregulated circulation of utilitarian digital rights with strict compliance with the rules for their issuance and termination.
Concept
Taking into account the possibility of blocking transactions in public networks of distributed registries, a global decentralized infrastructure is being created to fulfill obligations under foreign trade transactions in the form of transferring digital rights using smart contracts in various jurisdictions (DEX infrastructure). At the same time, the DEX infrastructure will provide, on the one hand, support for multiple jurisdictions of smart contracts, and on the other hand, the possibility of autonomy of jurisdictions.
Framework
Project scope
The project creates a specialized open-source consensus protocol with access control, designed for use in a multilateral decentralized environment for the circulation of digital rights and in compliance with the necessary regulatory practices (hereinafter referred to as the DEX protocol).
Based on the DEX protocol, a decentralized network for the issuance and circulation of digital rights will be created, and standard DeFi smart contracts will be developed: ICO, DAO and AMM.
The key principle is freedom of access to the DEX infrastructure, when any smart contract that complies with the regulatory practices of the selected jurisdiction can be placed on the notary nodes of such jurisdiction.
Project implementation
Stages
The project implementation includes two main stages: the first is “Development of the DEX protocol” and the second is “Creation of the DEX infrastructure”. The main stages of the work will be carried out in short iterations. After each iteration, the results are analyzed and priorities for the next iteration are formed. At the same time, it is possible to either revise previously obtained results and return to the previous iteration, or to terminate the project (due to the impossibility of implementing key tasks and approaches).
Digital Assets Issue
Financing of the main stages of work is carried out through a campaign to attract investments by issuing tokens in the crypto environment.
The essence of Digital Assets
The tokens issued as part of the investment attraction will provide investors with the right to use the DEX infrastructure, including the deployment of their own distributed registry nodes that ensure the functioning of the DEX infrastructure (hereinafter referred to as Notary Nodes).
Stage 1. Development
of DEX protocol
The key components and requirements of the DEX protocol are:
Notary nodes are nodes that ensure the functioning of the DEX infrastructure
Multi-jurisdictional – Notary offices can be established in different jurisdictions
Autonomy of jurisdictions – jurisdictions of notary nodes and smart contracts may contain inconsistent regulatory practices
Interoperability – the ability to implement blockchain bridges (bridge contracts) for the atomic placement of digital rights in public distributed ledger networks
Stage 2. Creation of DEX infrastructure
The DEX-protocol is planned to be used for the deployment (creation) of a DEX-infrastructure. Such a DEX-protocol network will provide the possibility of placing smart contracts on its notary nodes, including the possibility of issuing and circulating digital rights of various jurisdictions.