IFICHI
  • What is IFICHI?
    • Introduction
      • Synthetic Tokens
      • Interest Rate Mechanics
    • Approach & Framework
      • Final Remarks
    • Lending System
      • Code Base and Verification
      • Licensing
      • Protocol Mathematics
      • Governance System
    • Strategy for Progressive Decentralization
    • Security Precautions
      • Security Focus
      • Security Measures and Philosophy
    • Liquidation Mechanics
    • Bug Bounty
      • Ethical Research Guidelines
      • Commitment to Researchers
      • Discretion and Rights
      • Our Commitment to Researchers
    • Borrowing & Lending Process
    • Liquidity Provision Guide
      • Benefits
      • Custom Liquidity Model
      • Comparison with Uniswap
      • Liquidity Provider Shares
      • Trading hTokens
      • Market Impact
    • Tokenomics
      • Core Concepts
      • Allocation
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  1. What is IFICHI?
  2. Introduction

Synthetic Tokens

At the heart of IFICHI are synthetic assets known as iTokens, mirroring the value of an underlying asset.

Example: An iToken like "iUSDC" mirrors the USDC stablecoin. Borrowers create iUSDC by pledging collateral (like ETH), while lenders exchange USDC for iUSDC. Post-maturity, iUSDC holders can redeem their tokens for USDC.

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Last updated 1 year ago