📜 Overview

Introduction to JackRamp

JackRamp is a pioneering decentralized protocol designed to bridge real-world assets (money/currency) with the blockchain ecosystem. By focusing on creating an accessible on-ramp and off-ramp infrastructure, JackRamp enables seamless conversion between fiat and digital assets through the issuance of a stablecoin, jackUSD. With an innovative use of zkVM and zkTLS, JackRamp bringing transparency and security, making traditional finance and decentralized finance (DeFi) seamless.

Key Features

• Decentralized On-Ramp* & Off-Ramp JackRamp’s decentralized on-ramp* and off-ramp solution allows users to convert fiat to jackUSD and back with transparency and security, free from reliance on centralized entities. By leveraging blockchain for price transparency and security, JackRamp ensures a seamless and fair conversion experience for users. Note: At the moment, the on-ramp is still in development.

• jackUSD (Stablecoin) jackUSD is a stablecoin backed by real-world deposits (e.g., bank deposits) and supported through decentralized issuance. The value of jackUSD is pegged to fiat currencies and the on-ramp - off-ramp prices are maintained via an Automated Market Maker (AMM) that ensures decentralized price discovery and liquidity. Its decentralized, multi-issuer model allows various financial institutions globally to issue jackUSD, providing adaptability to regional regulations. JackUSD democratizes the on-ramp and off-ramp processes, allowing anyone to be a merchant. Note: At the moment, jackUSD is backed by M0 (a USD-backed stablecoin with multi-issuer capability).

• zkVM and zkTLS Integration JackRamp leverages zkVM and zkTLS technology to interface with traditional banking APIs securely. This allows the protocol to verify the existence of bank deposits without compromising user privacy. These zero-knowledge proofs enable real-time, secure validation of off-chain assets on the blockchain, providing confidence in jackUSD’s backing.

• Multi-Issuer Model (Coming Soon 🔜) JackRamp is developing a multi-issuer model that will enable regulated financial institutions worldwide to issue jackUSD instead of relying on a single centralized institution. This decentralized issuance approach enhances regulatory adaptability, reduces reliance on single entities, and expands jackUSD’s accessibility across diverse regions.

• Real-World Asset AMM (Coming Soon 🔜) JackRamp's AMM facilitates price discovery and liquidity for on-ramp and off-ramp transactions. This innovation expands AMM capabilities beyond crypto assets to traditional financial assets, setting the stage for more robust DeFi ecosystems.