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Mesher

Mesher

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#FINANCE

The average daily trading volume in Korea’s digital asset market during the first four months in 2021 recorded 14.2 trillion won, almost a 9.5 times increase from 1.5 trillion won in 2019. Despite high trading volume and abundant liquidity in the Korean market, digital assets listed on the exchanges in Korea have not been able to be utilized by any global DeFi products that have grown exponentially over the past two years.

The absence of oracle contracts that feed prices of products being traded on the Korean digital asset exchanges to blockchains has been one reason global products such as Compound, AAVE, and Maker have not been able to search the types and scale of digital assets popular in Korea. In recognition of this problem, the purpose of the project Mesher is to develop an oracle that feeds information such as the type, price, and trading volume of digital assets listed on major digital asset exchanges in Korea to blockchains, and develop and run a P2P digital asset deposit and loan protocol using this oracle. ...

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