Arkadiko — Hello World 👋

We’re excited to unveil the Arkadiko Protocol today, a crypto-collateralised decentralised stablecoin (xUSD, soft-pegged to 1 USD) and lending platform that provides liquidity for all DeFi built on top of Stacks and Bitcoin.

We are in the midst of a gigantic bull market at the time of writing (May 2021), ignited by a mix of institutional money buying bitcoin and others aping into DeFi and NFTs :) We believe that the biggest innovation our space has seen in the last two years is in DeFi, and the way forward to enable the $1 trillion in bitcoin currently sitting idle is through DeFi on Stacks.

Why Arkadiko?

A majority of all DeFi is currently built on top of Ethereum. While we believe Ethereum and its ecosystem have done amazing things (think Maker, Aave, Curve, Compound, Synthetix, …), we also believe that such solutions could thrive even more under a Bitcoin standard, scaled by the Stacks blockchain.

Most of the money flowing into bitcoin is not optimally used. Bitcoin is not a rock that should be sitting idle. While bitcoin is protected by the most secure network on earth, the Bitcoin blockchain, the asset itself could be used in a more active way.

Arkadiko will enable your STX & bitcoin to be used for a variety of things, such as collateral to mint stablecoins, borrowing assets or lending out your STX and bitcoin for attractive returns. All of this happens without having to give up custody or the security and hashpower of the bitcoin blockchain. 🚀

When launching later this year (mainnet after summer), you will be able to use Arkadiko for a myriad of use cases. Here’s a sneak preview of what we have in mind:

The above is not too good to be true. It is simply true!

What’s Next?

We can’t wait to launch Arkadiko and boost applications leveraging stablecoins and lending on Stacks! In the next few weeks, we will release information regarding the testnet launch, our amazing team, the platform, its usage, technical details, how it works, protocol governance, tokenomics details and community involvement opportunities.

Oh, and by the way.. we will be launching our testnet on June 16th, so it won’t be long!

We believe in fair launches. Open-source protocols such as Arkadiko should be community owned and driven. That’s why 50% of all DIKO will be reserved for the ecosystem around Arkadiko to thrive. Arkadiko is built by DeFi users for DeFi users. If you have other use cases in mind, get involved on Twitter or Discord. Now we’re back to building!

Get In Touch

🌐 Visit us at 🌐

💬 Chat with us on Discord (#arkadiko channel) 💬

📚 Read our documentation on Gitbook 📚

🐦 Find us on Twitter — @ArkadikoFinance 🐦

Arkadiko Protocol is a stablecoin (USDA) built on Stacks to bring DeFi to Bitcoin.