First SNS in 2026: Crosschain Stablecoin Infrastructure with DoxaUSD; built with 💝 on ICP

Developers SNS Framework
1

:loudspeaker: Introduction

Dear ICP Family,

We are thrilled to announce the official upcoming launch of the DOXA Service Nervous System (SNS) on the Internet Computer (ICP)!

DOXA is a decentralized multi-stablecoin protocol built natively on ICP, designed to bridge crypto-native utility with global financial inclusion. At its core, the protocol introduces DOXAUSD (USDD) a USD-pegged stablecoin backed 1:1 by ckUSDC with real-time on-chain transparency alongside, Bitcoin Tbill, A Tokenized U.S. Treasury Bills accessible with ckBTC and DPay for merchant adoption and a sustainable and lastly a non-inflationary yield model.

Transitioning DOXA to an SNS DAO marks a major milestone toward absolute decentralization, putting sovereign control of the protocol entirely into the hands of the community.

:trophy: Key Achievements & Milestones

  • Bizthon Award 2025: Won the prestigious Bizthon award 2025.

  • DFINITY Grants: Awarded 2 official DFINITY grants to support protocol development.

  • Perplexity Fellowship Startup: Selected as among top participant in the Perplexity AI Fellowship startup program.

  • INSEAD AI Lab Incubation: Incubated by the INSEAD AI Lab.

  • Open Source Commitment: Open-sourced DOXA under the Doxa Community Source License (DCOS).

Tokenomics & Genesis Supply Overview

The DOXA token features a hard-capped, non-inflationary economic model inspired by Bitcoin, capital-efficient DAOs, and sustainable protocol reserves.

  • Token Name: DOXA

  • Symbol: DOXA

  • Initial Total Supply (Genesis): 10,000,000 DOXA

  • Decimals: 8

  • Ledger Transaction Fee: 0.1 DOXA (10,000,000 e8s)

  • Proposal Rejection Fee: 2,000 DOXA

Initial Token Distribution

  • Treasury Reserve (DAO-controlled): 94% (9,400,000 DOXA)

  • Decentralization Sale: 3% (300,000 DOXA)

  • Team: 1.2% (120,000 DOXA: 4-year vesting with a 12-month cliff)

  • Foundation: 1.2% (120,000 DOXA: 6-month cliff, linear unlock over 2 years)

  • Early Contributors: 0.6% (60,000 DOXA: structured across 3 tranches over 12 months)

:shopping_cart: Decentralization Sale Parameters

The upcoming decentralization swap allows the community to acquire DOXA tokens and help decentralize the protocol’s core canisters.

  • Minimum Participants: 10

  • Minimum Direct Participation: 100 ICP

  • Maximum Direct Participation: 1,000,000 ICP

  • Minimum Contribution per Participant: 25 ICP

  • Maximum Contribution per Participant: 20,000 ICP

  • Swap Duration: 21 days

  • Participant Vesting: 6 tranches over 20 months (1 tranche every 4 months)

  • Neurons Fund Participation: No

:classical_building: Treasury Deployment & Protocol Commitments

The DAO treasury serves as the primary engine for long-term value accrual. The ICP raised during the decentralization swap will be deployed strategically:

  • 70% of raised ICP will be locked in an 8-year NNS neuron controlled by the DAO, with some of the staking rewards dedicated to funding DoxaUSD (DUSD) staker yields.

  • 29% of raised ICP will be reserved for ongoing Developments, DAO operations, and treasury management.

  • 1% will be commited to helping the most vulnerable and needy.

:link: Connect & Learn More

Dive deeper into the architecture, technical specs, and vision behind the protocol through our official channels:

~ By Doxa Foundation (Regno.80034581427978)

Join us as we build open, transparent, and inclusive Stablecoin public infrastructure on the Internet Computer!

2

What does this mean exactly?

It sounds like you’re asking participants to stake ICP and benefit from recieving 70% of rewards that they’re due.

This sounds like a stable coin that’s implemented by wrapping another stable coin. What’s the point when you can just use ckUSDC directly?

3

Thanks @Lorimer For rectifying we changed the language. 70% Will go to the treasury. Please check the white paper all this is detailed in there

4

Guess our Partner Dfinity who suggested us to use, Could be the best answer this; However in the first 3 month post SNS, we will have completed a Tbill product to replace ckUSDC, we already have a patnership with paxos and in talks with Ondo.

5

I still don’t understand what this Tbill thing is, and why you don’t just go ahead and implement it and then launch in 3 months. SNSs aren’t a great fit for funding future development, but they’re great for gathering a community around something that can already deliver value

6

Because He is salesman, first collects money, than hires someone who builds broken app. Later it breaks down and money stolen and He jumps to next chain.
Dont forget He did ask from CaffeineAI team when tokens can be used in AI built app.
:zany_face:

7

Thanks @Lorimer :folded_hands: for this concern, however the top priority why we are doing sns is doxa and DoxaUSD which are complete products, others are there to enhance the productivity of DoxaUsd inorder to generate more profit for the DAO and our early investors. We had started early works on them and so far we patnership with Paxos and a patnership with ondo is still under way

8

Could you describe the problem statement then and how these products already address it?

9

Could you also explain how profit is generated by the currently completed solution, and how that would be increased by this tbills thing?

10

Could you also explain the details of this, because ‘partnership’ can be interpreted in many ways

11

Hi brother @Lorimer I believe u need to checkout our white paper @ https://doxadao.org/whitepaper.html This is well articulated in the problem statenment section

12

Please state the answers here so they are on record in a form that cannot be changed later without change control (other than via a DFINITY admin). Thanks

13

Currently Profits are generated through Tx fees bse the underlying collateral is by cycles and thus not yield bearing. Post sns, NNS rewards(70%of the icp staked) will supplement these. But in the first 3 months post sns we shall have implemented a Tbill token bringing in a yield of 4%-4.5% over just the assets. If you combined the three together we could be one of the most profitable DAOs on ICP in a short time. @Lorimer We are here to build and not take or any other thing.

14

To implement the TBILL product you need institutional grade Infrastructure which is not yet ICP and huge amounts of liquidity (>$100,000) for players such as Open Eden, USYC, , (6-7M$) for Blackrock’s BUILD fund, etc…That alone tells you that you need freindly patners, We already have a patnership with Paxos and we can legally intergrate USDG in any of our products. A patnership with Ondo is still under way and when it reaches maturity we shall be onboarded to use their products.

15

I’m sorry but there’s no consistency in what you’re saying.

Again, please be explicit about the nature and details of this partnership

16

Lorimer, thank you for pushing for exactness clarity on our architecture and partner integrations is vital as we approach the SNS swap. There is no inconsistency in our model once you see how the underlying yield rails are structured.

Here is precisely how the 4%–4.5% yield product functions within the first three months post-SNS without requiring ICP to build native custodial infrastructure:

  1. Tapping into Ondo Finance for Yield Infrastructure
    We are not attempting to build an off-chain broker-dealer or native custodial framework directly on ICP in 90 days. Instead, Doxa integrate will with Ondo Finance to utilize their institutional-grade, short-term U.S. Treasury tokenized products (such as USDY) via a similar method and tech that ckUSDC uses to bridge to ICP. By backing our asset layer with Ondo’s existing, fully compliant off-chain reserves, Doxa directly inherits their 4%–4.5% yield.
  2. Paxos was the first partner we reached out to when evaluating basic regulated stablecoin infrastructure. However, as our product strategy evolved, we realized Paxos was built primarily for standard fiat-backed stablecoins, whereas we needed direct exposure to tokenized institutional Treasuries which led us to reachout to Ondo Finance for this specific product.
17

We’re expecting to raise the proposal on either Friday, 14th August or Tuesday, 18th August.Any feedback on this

18

So you have or haven’t partnered with Paxos? If you have (as you’ve claimed), please explain the nature and details of that partnership.

Is that dependent on a partnership that doesn’t yet exist? “A patnership with Ondo is still under way and when it reaches maturity we shall be onboarded to use their products.”

In that case I’ll ignore the overarching issues that I think exist in what you’re saying and get to the technicalities.

Is everything open source? How many canisters are there? Is every canister reproducibly buildable so I can confirm the hash locally is the same as deployed on mainnet? Where is the sns init configuration? This should be supplied at least 2 weeks in advance of the proposal in order to comply with established procedure. Many other projects have been rejected for violating these terms.

19

We submitted most these up lorimer two weeks back. Thought u had checked please check up

20

We actually have patnership with paxos to use USDG and intergrate it in our products. This is what i can hint on for now.