Rico Credit System

Rico is a free-floating collateralized stablecoin designed with an emphasis on automation and market rate discovery.

Rico is the spiritual successor to Dai and Rai, built on the same codebase and institutional knowledge, meant to be the system as it was originally designed.

We hope to deliver a credibly neutral, fully automated, incentive-compatible stablecoin system without governance (backdoors). We hope to deliver this before all the broken stablecoin mechanisms cause the public to believe decentralized stablecoin systems are not possible.

curl https://bank.dev | ipfs add --pin