Overview

Own is a permissionless synthetic stock issuance protocol, enabling synthetic stocks onchain. Think of Maker DAO but for creating synthetic stocks permissionlessly & traded as native ERC20 tokens.

The protocol creates a two sided market where LPs on one side can mint any stock as ERC-20 tokens by paying a floating interest rate, while LPs on the other side earn this interest in exchange for backing that pool. Once the tokens are minted they can be freely traded on DEX's like Uniswap, where anyone can access them permissionlessly.