Usecase Database

LIFT Challenge

Finance
CBDC
Research funding & publishing
Polygon
Latin America

About

The Banco Central do Brasil (BCB) launched the LIFT Challenge to evaluate potential use cases for a central bank digital currency. Polygon Labs, Aave, and Fireblocks developed a liquidity pool - gathering resources from savers - and to offer loans while ensuring that these operations comply with the rules of the Brazilian national financial system.

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