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Corehash Protocol - A fully decentralized hashrate liquidity provision protocol

Etherum Reddit

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Hi,

I've been working on a new mining protocol built on Ethereum, which allows for the tokenized hashrate liquidity provision of any hash algorithm, enabling DeFi applications to be built on hashrate-reserve, productive assets, including undercollateralized, self-paying loans through hashrate income, as well as a hash-backed, interest-bearing stablecoin, and more, including MEV protection and extraction.

Think of it like the combination of Eden Network, with Tokemak's tokenized liquidity, but with hashrate instead. So a decentralized cloud mining + pool / block producer protocol, hashrate market making protocol.

You can read the whitepaper at:

corehash.org/whitepaper.pdf

or the Medium article:

https://medium.com/corehash/corehash-hashpower-liquidity-provision-vault-staking-protocol-c12d5dfd2fc2

I'm looking for critical feedback and discussion, as well as potential developers that are interested in joining the team. Currently, I'm a solo founder that's looking for the first team members and core developers to build this. I've been researching and writing the whitepaper for this project for almost 4 years, pivoting from previously being a PoS blockchain network of colocation mining providers (like THORChain x Compass Mining), to now a fully decentralized hashrate liquidity provision protocol through staked mining liquidity, with DeFi (or HashFi) integrated into the full cross-chain protocol.

submitted by /u/Winnal
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