Overview

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

The protocol creates a market where users can mint any stock as ERC-20 tokens by paying a floating interest rate, while liquidity providers earn this interest in exchange for backing that stock. Note that both users & LPs in the protocol are sophisticated investors. The users of the protocol can choose to LP the minted assets on DEX pools (e.g., Uniswap) to earn additional fees while staying long on the asset.