DAMP proposes managing regulated Liquid assets with no offchain cosigner. The holder signs the spend and supplies a policy proof, enforced by a Simplicity covenant in the same transaction.
Issuer offline? Holders with the latest snapshot keep transacting. PoC to come.
Introducing DAMP -- a decentralized asset management protocol for stablecoins and RWA on Liquid. Fully onchain and self-custodial. No cosigner service is needed, powered by Simplicity. Link to the full paper is below. Stay tuned for a PoC.
