What is DePix?

DePix follows a straightforward issuance-and-redemption model, mirrored by an amount actually deposited in Reais:

• Issuance: the user sends a PIX payment in Reais; once confirmed, an equivalent amount of DePix is minted on the Liquid Network and sent to the user's Liquid address.
• 1:1 backing: every DePix minted corresponds to a Real actually received via PIX — there is no issuance without a matching deposit.
• Redemption: to convert DePix back into Reais, the token is sent to the redemption address; the equivalent amount is burned and the matching PIX payment is sent to the user.
• Transfers: while held as DePix, the value can be transferred on the Liquid Network with the speed and confidentiality typical of that network, without relying on the traditional banking system for every movement.

Contexto regulatório: o PIX, canal usado para depositar e resgatar o DePix, é regulado pelo Banco Central do Brasil.

DePix is issued according to the rules and technical specifications published by the Eulen App project (eulen.app) and the official documentation at depix.info. BlackRocket does not issue DePix: it acts as a technology platform that integrates this flow, allowing users to convert PIX into DePix (and back) following those specifications. In Brazil, the licensed company structure that operates this bridge with PIX is Plebank (plebank.com.br).

DePix was designed to bring the liquidity of the Brazilian Real into a blockchain-based environment, enabling:

• Moving value equivalent to Reais outside traditional banking hours, using the Liquid Network.
• Swapping between DePix and other assets issued on the Liquid Network, such as L-BTC and USDt-Liquid, in wallets like SideSwap.
• Acting as a bridge between the PIX system and the Liquid Network digital asset ecosystem, without requiring centralized custody of funds by the platform.

Although DePix is often compared to a "Real-backed stablecoin," there are important differences from traditional stablecoins (such as USDT or USDC on networks like Ethereum, Tron, or Polygon):

• Network: DePix is issued on the Liquid Network (a Bitcoin sidechain operated by Blockstream), while most traditional stablecoins circulate on blockchains such as Ethereum, Tron, or Polygon.
• Backing currency: DePix is backed by the Brazilian Real (BRL) and redeemable via PIX; most global stablecoins are backed by the US Dollar.
• Confidentiality: Liquid Network transactions can use Confidential Transactions, which hide amounts publicly, unlike most networks used by traditional stablecoins.
• Issuer: DePix follows the public specifications of a project (Eulen App), while traditional stablecoins are usually issued by a single centralized company.

Assim como outras stablecoins lastreadas em reservas, o modelo de lastro 1:1 do DePix é comparável ao adotado por emissoras como a Tether — veja a página de transparência da Tether como referência de como esse tipo de lastro costuma ser divulgado publicamente.

For more detail, see our Glossary on Liquid Network, L-BTC, SideSwap, and Blockstream, the About BlackRocket page, our AI Transparency page, and the DePix / Plebank Limits page.

• Liquid Network Glossary
• About BlackRocket
• Security / AI Transparency
• DePix limits

Última revisão: 30 de agosto de 2026 — Equipe Técnica BlackRocket