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docs/intro.md

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# Introduction to DREXpedia
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# About DREXpedia
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Welcome to DREXpedia, an open-source and collaborative wiki dedicated to the DREX (Digital Real Exchange) project. This platform is a community-driven initiative, curated by fintech enthusiasts and professionals in Brazil. While not an official source, DREXpedia serves as a valuable resource for understanding the development and implementation of DREX.
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docs/origin-of-drex.md

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---
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---
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# The Origin of DREX
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The global landscape is shifting towards Central Bank Digital Currencies (CBDCs). Nearly all of the world's GDP is represented by countries actively exploring CBDCs, driven by the potential for increased efficiency, improved financial services, greater competition, and significantly, enhanced financial inclusion. Brazil's journey with the Digital Brazilian Real (DREX) began years ago, recognizing these global trends and their implications for the Brazilian economy.
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## Early Motivation (August 2020)
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The impetus for DREX stemmed from a clear recognition of the limitations of a purely physical currency in an increasingly digital world. While electronic payments were surging, the Brazilian Real remained a physical entity. This disconnect fueled the need for a digital counterpart:
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:::info Key Drivers
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- **Cost Reduction:** The significant cost of issuing and maintaining physical currency (estimated at R$90 billion annually) presented a compelling economic argument for a digital alternative.
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- **Financial Inclusion:** Expanding access to financial services for the underbanked population was a key strategic objective driving the initiative.
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:::
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## Technological Vision
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From the outset, the vision for DREX extended beyond simply replicating physical currency in a digital format. The potential integration of cutting-edge technologies was central to the project:
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- **Smart Contracts:** Automating transactions and enforcing agreements
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- **Internet of Things (IoT):** Enabling seamless integration with various devices and systems
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- **Programmable Money:** Facilitating innovative applications and business models
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## Key Actions
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The Banco Central do Brasil (BC) embarked on a multi-pronged approach to develop DREX:
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### 1. Guidelines for the Digital Real
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Formally established in May 2021 (with updates in February 2023), providing a comprehensive framework for DREX's development and implementation.
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### 2. "O Real Digital" Webinar Series
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A series of seven open virtual forums held in the second half of 2021 engaged stakeholders in discussions about various aspects of the then-called "Real Digital":
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1. The potential of the digital Brazilian Real
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2. Citizenship, data security, secrecy, and traceability
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3. Offline Operations
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4. Smart contracts, IoT, and programmable money
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5. Issuance & Distribution
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6. International integration
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7. Technologies for CBDC issuance
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:::tip Watch the Series
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You can watch the complete webinar series on [YouTube](https://youtube.com/playlist?list=PLhqfgkxuHXh7X394l5GLC06mkdCfA0SeS).
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:::
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### 3. The LIFT Challenge
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Launched in 2022 in partnership with Fenasbac, this collaborative initiative aimed to assess DREX's viability through innovative project development.
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## Sources
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:::info Official References
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- [DREX Overview - Banco Central do Brasil](https://www.bcb.gov.br/estabilidadefinanceira/drex?modalAberto=contexto_realdigital)
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- [Initial Announcement](https://www.bcb.gov.br/detalhenoticia/479/noticia)
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- [Guidelines Update](https://www.bcb.gov.br/detalhenoticia/548/noticia)
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- [LIFT Challenge](https://www.bcb.gov.br/detalhenoticia/593/noticia)
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- [LIFT Lab Platform](https://www.liftlab.com.br/)
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:::

docs/what-is-drex.md

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---
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# What is DREX?
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DREX is the **Brazilian Central Bank Digital Currency (CBDC)**, designed to bring innovation and inclusivity to Brazil's financial ecosystem.
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## Understanding the Name
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The name **DREX** stems from:
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- **DR**: Representing "Digital Real," the digital version of the Brazilian Real
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- **E**: Standing for "Electronic"
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- **X**: Symbolizing connection and innovation
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DREX is a flagship project of the Brazilian Central Bank's innovation agenda, known as [Agenda BC#](/docs/category/agenda-bc). This agenda emphasizes modernizing financial systems and promoting economic inclusion.
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## The DREX Platform
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Unlike traditional currencies, DREX operates on a versatile digital platform where users can hold not only **Digital Real** (commercial bank digital money or tokenized deposits) but also a wide array of tokenized assets, including:
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- Government debt securities
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- Property titles (e.g., vehicles, real estate)
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- Stocks and other securities
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- Various digital assets
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This broad functionality positions DREX as a transformative tool for digitizing and simplifying asset management.
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## How Does It Work?
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Accessing DREX requires going through an **authorized financial intermediary**, such as a bank or fintech. These intermediaries act as bridges, converting traditional deposits into the Digital Real. This structure maintains the involvement of regulated institutions while enabling access to cutting-edge digital financial tools.
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## What Makes DREX Unique?
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DREX stands out because it is based on **commercial bank digital money (tokenized deposits)** rather than being a direct retail CBDC. This model leverages the existing financial ecosystem, fostering collaboration between the central bank, financial institutions, and end-users.
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:::tip Learn More
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Explore our guide on [different types of CBDCs](/docs/category/cbdc-types) to understand how DREX compares globally.
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:::
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:::info Source
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Official information from the [Brazilian Central Bank](https://www.bcb.gov.br/estabilidadefinanceira/drex)
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:::

sidebars.js

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*/
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{
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type: 'category',
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label: 'Technical Architecture',

src/pages/index.module.css

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