Exeum: A Decentralized Financial Platform for Price-Stable Cryptocurrencies
Jaehyung Lee, Minhyung Cho

TL;DR
Exeum introduces a decentralized platform that creates price-stable tokens pegged to real-world assets, using virtual asset markets and a central bank mechanism to maintain stability and improve usability in decentralized finance.
Contribution
It is the first to propose a fully decentralized stablecoin system enabling 1:1 value conversion without supply-demand mismatch.
Findings
Develops a mechanism for maintaining peg stability through controlled swap rates.
Distributes statistical arbitrage trading software for decentralized market making.
Enables applications like stable gas fees and cross-chain asset transfers.
Abstract
Price stability has often been cited as a key reason that cryptocurrencies have not gained widespread adoption as a medium of exchange and continue to prove incapable of powering the economy of decentralized applications (DApps) efficiently. Exeum proposes a novel method to provide price stable digital tokens whose values are pegged to real world assets, serving as a bridge between the real world and the decentralized economy. Pegged tokens issued by Exeum - for example, USDE refers to a stable token issued by the system whose value is pegged to USD - are backed by virtual assets in a virtual asset exchange where users can deposit the base token of the system and take long or short positions. Guaranteeing the stability of the pegged tokens boils down to the problem of maintaining the peg of the virtual assets to real world assets, and the main mechanism used by Exeum is controlling…
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Taxonomy
TopicsPeer-to-Peer Network Technologies · Blockchain Technology Applications and Security · Advanced Data Storage Technologies
