OnTrade
Directly Backed Trading On-Chain: Real Assets, Real Security
About
The problem it solves Our project addresses a crucial gap in the current landscape of real-world assets (RWAs) on the blockchain. Traditional synthetic RWAs only mint tokens based on price feeds, creating an abstraction layer that does not connect directly to the underlying assets. Our solution takes a more direct approach by enabling RWAs that are directly backed by real assets. By utilizing Gelato functions, our platform executes stock purchases off-chain, ensuring that the tokens you hold are genuinely backed by real-world assets. This enhances trust, transparency, and the overall value proposition of RWAs on-chain, effectively bridging the gap between traditional finance and blockchain technology.
How it's made
Challenges we ran into Making Off-Chain Stuff Secure: Connecting blockchain to real-world stock purchases through Gelato was tricky. We had to make sure the off-chain part was secure and couldn’t be messed with, which wasn’t as simple as it sounds. Proving Real Backing: We wanted people to trust that their tokens were truly backed by real assets, not just numbers on a screen. Figuring out how to prove that without overcomplicating things took some brainstorming.