CAMP Overview
//Enabling the Donation Bond_
Last updated
//Enabling the Donation Bond_
Last updated
CAMP is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated rewards instrument - the 'Donation Bond'. CAMP's synthetic dollar, USDca, provides the crypto-native, scalable solution for money achieved by delta-hedging Ethereum and Bitcoin collateral. USDca is fully-backed (subject to the discussion in the Risks section regarding events potentially resulting in loss of backing) and free to compose throughout CeFi & DeFi.
USDca peg stability is supported through the use of delta hedging derivatives positions against protocol-held collateral, maintaining a relatively stable value with reference to the value spot crypto assets as well as futures positions.
The 'Donation Bond' combines revenue derived from staked assets (e.g., staked Ethereum), to the extent used as backing assets, as well as the funding & basis spread from perpetual and futures markets, to create the first onchain crypto-native solution for money.
Users are currently able to:
Permissionless Acquire USDca. Access external AMM pools to acquire or dispose of USDca with assets such as USDT or USDC.
Direct Mint USDca. Deposit accepted reserve assets and receive USDca , subject to clearing KYC/KYB checks exclusively for approved market making counterparties. See Supplemental USDca Terms and Conditions.
Direct Redeem USDca. Burn USDca & receive backing assets, subject to clearing KYC/KYB checks exclusively for approved market making counterparties. See Supplemental USDca Terms and Conditions.
Stake & Unstake USDca. Receive rewards in the form of protocol revenue. Available exclusively for users in permitted jurisdictions.