What is Composite ($CMST)?
Composite ($CMST) is a collateralized stablecoin for Interchain built on Comdex chain. Composite is designed to represent purchasing power and is therefore soft pegged to 1 dollar.
Inspired mainly by the robust and reliable model built by MakerDao for $DAI stablecoin, $CMST can be minted permissionlessly as a debt against collateralized CDPs of interchain assets. Users can choose from a wide range of Cosmos ecosystem assets and interchain assets as collateral to mint $CMST. $CMST’s mechanism is designed to be the most reliable model for stablecoins, which is censorship-resistant, permissionless, and decentralized.