The Blindex mechanism is built on the basis of the powerful Frax protocol with a decentralized twist – we don’t use any centralized stables as the collateral. Only BTC & ETH (and other tokens in the future).

The stability is algorithmically achieved by the combination and constant adjustment of multiple factors, such as collateral, collateral ratio, buffer pricing, and market trust. At any point in time, BD-Stables can be Redeemed back into the underlying collateral based on the effective collateral ratio.
Click here to learn more.

You can stake your BD-Stables at any given moment and receive rewards for providing liquidity and helping the community.
You can also swap (buy and sell) in order to arbitrage on a specific coin, buy other crypto assets or use it for FX.
Once you’re done – you can redeem your collaterals/gains/coins back.
Visit our documentation to understand the bits and bytes of the different possibilities.

Yes – but it won’t happen overnight. We would start with few major currencies and add more as time goes by. That’s where the Blindex community comes in – every new currency would be added based on your feedback and votes. The more BDX tokens you’re holding/staking, the more powerful your vote will be. Click here to see the current list of currencies.

In order to Mint Blindex stables, you can use a combination of BTC or ETH and BDX tokens. The exact ratio between the BDX token and the BTC or ETH depends on the collateral ratio that is presented at the time of the Mint.