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 testnet11. 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). You can get your wallet to recognize BYC coins by registering the token's asset ID.
On testnet, the BYC asset ID may occasionally change. The BYC asset ID corresponding to the latest deployment on testnet11 is
4eadfa450c19fa51df65eb7fbf5b61077ec80ec799a7652bb187b705bff19a90
For questions, feedback, feature requests or bug reports, please contact us on Discord or send an email to [email protected].