The LUCI Token

LUCI is a stablecoin anchored to a treasury reserve, designed to simplify the user experience in the digital asset space. It allows individuals to mint LUCI tokens by pledging established stable assets—such as USDT, USDC, and DAI—into a dedicated treasury. This process not only enables the issuance of LUCI tokens but also offers liquidity for users. Importantly, at any point, users can opt to redeem their original assets by repaying the LUCI tokens they have minted.

Built on the Ethereum blockchain, LUCI offers robust security and can be stored across an array of digital asset wallets. It is also supported by various platforms that accommodate Ethereum-based tokens. Once minted or acquired, LUCI behaves akin to other cryptocurrencies, meaning it can be transferred, spent on goods and services, or used within the Lucia Protocol's ecosystem for revenue generation through stLCI, the staked iteration of LUCI.

To ensure utmost transparency, every LUCI transaction is recorded and publicly verifiable via the Ethereum blockchain. Each LUCI token in circulation is fully backed by a basket of collateral assets held in the treasury. This mechanism ensures that the overall value of the collateral always exceeds the total circulating LUCI supply.

Currently, LUCI is supported by a diverse portfolio of under-collateralized digital assets, including but not limited to USDT, USDC, and DAI. We are also actively exploring avenues to incorporate additional stable assets into the treasury, thereby broadening the backing of LUCI and enhancing its resilience and stability.