Polkadot Synthetic Assets Protocol — Coinversation announced to join the Patract Wasm Contract Open Platform

Recently, Patract collaborated with the Polkadot community teams to establish the Wasm Contract Open Platform. The plan is mainly to bring together excellent parachains or DApp teams from the Polkadot ecosystem that are willing to join the Wasm contract ecosystem to communicate together, and learn together. In the future, Patract also plans to cooperate with the project teams of the Open Platform to organize workshop activities, iterative development tools, collaboratively define contract standards, and support the community to customize contract models and Runtime interfaces according to their own needs.

Coinversation Protocol, as the first synthetic asset protocol and decentralized contract exchange on Polkadot, officially announced that they will join the Patract Wasm Contract Open Platform. Coinversation Protocol is an open financial platform that integrates stable coin, synthetic asset issuance, collateralized lending, decentralized contract exchange and Polkadot cross-chainbridge. cUSD is decentralized as a stable coin, multi-asset collateralized, supports cross-chain and real-world asset access through a cross-chain bridge. Users generate synthetic assets cUSD through collateral, with a ratio of 1:1 USD.

Coinversation is developed based on the Substrate framework. In this Wasm Contractpen Platform, Coinversation and Patract reached a unified consensus on Wasm contract ecosystem development and cooperation goals. Coinversation said that we are very willing to work with Patract to promote the development of Wasm contract ecosystem. As the Wasm contract ecosystem is maturing, we will give priority to Wasm contract deployment, effectively improve user minting efficiency and transaction throughput, and seek possible innovative businesses for Coinversation in the future.

About Patract

Patract is providing solutions for the development of Parachains and DApps in the Wasm smart contract ecosystem of Polkadot. We help the community to design and develop on-chain contract modules and Runtime support, and provide DApp developers with full-stack tools and services support, covering development, testing, debugging, deployment, monitoring, data provider and front-end development stages.

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About Coinversation

Coinversation Protocol is a synthetic asset issuance protocol and decentralised contract trading exchange based on the Polkadot contract chain.

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Patract is providing solutions for the development of Parachains and DApps in the Wasm smart contract ecosystem of Polkadot.