🌊 Liquidity Layer

This layer which hosts the Stablecoin reserves & liquidity pools of the different modules. It underpins the liquidity and redemption guarantees of the Protocol’s fiat-backed stablecoin infrastructure. Chiss native Stablecoins are minted by the protocol but are distributed in allocations via trusted third-party Facilitators, who custody fiat reserves off-chain and are assigned stablecoin treasuries. They serve as key entry points to interact with the protocol as it's designed to abstract Web3 complexity.

Each Facilitator maintains at least one-third in reserve backing for the token treasury assigned to them. Users are ramped from Fiat or local stablecoins to the Chiss ecosystem via these facilitators, all based on facilitator capacity.

In parallel, the pools serve as an onchain liquidity buffer, funded through lenders, liquidity providers, protocol revenue, or strategic capital injection. They power the lending & FX market, providing instant exchange liquidity between pairs.

Let's dive into how they work in more details in the next section.