Looking at IST Vaults One Year Later: A Deep Dive into Stability, Growth, and Innovation

Launched on June 29, 2023, IST Vaults is a decentralized finance (DeFi) protocol developed by Inter Protocol on the Agoric chain. Initially introduced as a fee token for transactions on Agoric, its broader potential led to the creation of IST Vaults, which is now a cornerstone of the Cosmos DeFi ecosystem. Dean Tribble, founder of Agoric, noted, “We wanted to encourage the bridge of other systems to come into the cosmos, so we rolled out the parity model system first, then added vaults.” IST Vaults enable users to mint IST, the stable token of Inter Protocol, using various collateral assets. Pegged to the US dollar, IST leverages the Inter-Blockchain Communication (IBC) protocol to integrate assets across the Cosmos ecosystem, ensuring stability and security. At launch, IST Vaults supported only ATOM as collateral. Over time, additional assets such as stATOM, stkATOM, stTIA, and stOSMO have been added based on community governance decisions.

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