About Circuit
Circuit is a DeFi protocol built on the Chia blockchain.
Specifically, Circuit is a collateralized debt position (CDP) protocol that allows users to borrow Bytecash (BYC), a USD stablecoin issued by the protocol, against XCH, the native token of Chia.
For a 1-page introduction to how Circuit works, please see the Litepaper.
True DeFi with a true DAO
As a DeFi protocol, Circuit is:
- permissionless
- censorship-resistant
- immutable, with the exception of certain parameters that can be adjusted by governance
Governance is conducted fully on-chain via Circuit's governance token CRT. In particular, CircuitDAO, the set of all CRT tokenholders, is a true decentalized autonomous organization without any legal entity behind it.
Getting Started
Circuit is live on Chia mainnet. Head over to the Getting Started guide to dive right in!
The User Guide provides an overview of protocol functionality and terminology.
The Technical Manual was written for advanced users that want to gain a deeper understanding of the protocol's inner workings.
The Chialisp code of the puzzles used by protocol coins can be found in this Github repo.
Bytecash Asset ID
Bytecash is a Chia Asset Token (CAT) with asset ID
ae1536f56760e471ad85ead45f00d680ff9cca73b8cc3407be778f1c0c606eac
You can get your wallet to recognize BYC coins by registering the token's asset ID.
For questions, feedback, feature requests or bug reports, please contact us on Discord or send an email to [email protected].