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.