Welcome to Blindex

IAmThatOmer∞
blindex.io
3 min readFeb 6, 2022

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🔥TL;DR🔥

Blindex multi-currency stablecoin platform lets anyone on the planet mint, redeem, trade, and invest without exposure to FX (Foreign Exchange) risks. All of that without the need to be over collateralized (what a change of pace, right? 😉)

Welcome to a new stablecoin era. Welcome to Blindex.

The rationale for creating Blindex

We are a team of builders (and dreamers), we believe that people all around the world should have access to a trusted financial system that is 100% decentralized and built for their needs.

Over the past year, we’ve seen massive growth in the Decentralized Finance (DeFi) ecosystem, specifically in the area of stablecoins.
We love the combination of DeFi and stability. Our belief is that stable assets are an essential part of any financial system, and will serve as the core building blocks in the future of DeFi (and Finance in general).

That’s exactly why we started working on Blindex last year — to create the first DeFi platform that is currency-blind, and help make DeFi and stablecoins more approachable, secure, scalable, and decentralized.

What you can do on Blindex?

  • Mint\Redeem: Minting is the process of creating new BD-Stables in exchange for an equivalent amount of collateral (BTC / ETH in Blindex), essentially generating new stable tokens whose price is pegged to a specific currency like Euro, Usd, etc.
    While Redeem is the process of burning your stable tokens and getting the collateral in return.
  • Swap: You can swap between any two supported tokens to get your preferred token, same as on exchange but the decentralized way, your tokens always remain on your wallet.
  • Liquidity Provision: Become a Liquidity Provider (LP) by depositing tokens into a liquidity pool and earning the trading fees. You will also receive LP tokens as proof of ownership of your assets in the pool.
  • Stake: Stake your LP tokens and start earning BDX tokens rewards (our utility token)
  • Dashboard and Analytics: Track the tokens' stability and prices on our interactive dashboard.

Launching on RSK 🚀

We are launching on the RSK network as we are true believers in decentralization and security which are core, fundamental and inherent qualities of the RSK network (as it brings the power of DeFi on top of the Bitcoin network).

It is time to bring DeFi to Bitcoin, one block at a time.

What’s next?

We are launching our first two stablecoins, BDUS (USD pegged stablecoin) and BDEU (EURO pegged stablecoin), but our system is built for scale and soon we will be adding more stable currencies to the mix.

If you’re eager to see your home currency on the Blindex platform, join our community, we would love to hear from you.

More features are also coming soon, as part of our long-term roadmap.
You can read more about it in our Documentation (with more details to follow in the future).

But it doesn’t end there…

Our bigger vision, after conquering the FX world, is to tokenize everything: stocks, bonds, price indexes, real estate, and more — the sky is the limit!

You have the power to help us get there!

Lastly but most importantly is our belief in the contribution of the community and our wish to have other dreamers join our mission and share our vision. We would love to see you join the community, get active, help us establish Blindex DAO & Governance system, enjoy more benefits and share our dream. You can find us on Discord, Telegram, follow us on Twitter, and of course, visit our website.

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