EquiDime Protocol

The EquiDime Protocol is a decentralized stablecoin system designed to be minimal and maintain a 1 token = $1 peg. The system is overcollateralized, ensuring that the value of all collateral is always greater than the value of all issued stablecoins (EDC). Just MVP Protocol based on DAI token Protocol

Overview

The protocol consists of four main contracts:

EquiDime.sol - The ERC20 token contract for EquiDime (EDC).
CollateralActions.sol - Manages collateral deposits and redemptions.
Liquidator.sol - Handles liquidation of undercollateralized positions.

Contracts

EquiDime.sol

The EquiDime contract defines the stablecoin (EDC). It includes functions to mint and burn tokens, which can only be called by the collateralActions contract.

CollateralActions.sol

The CollateralActions contract handles the depositing and redeeming of collateral. It ensures that only the collateralActions contract can call its functions, maintaining security and proper flow of operations.

Liquidator.sol

The Liquidator contract manages the liquidation process. It interacts with the CollateralActions contract to redeem collateral and with the EquiDime contract to burn the necessary amount of tokens.

Usage

Deposit Collateral and Mint EDC

Users can deposit collateral and mint EDC by calling the depositCollateralAndMintEDC function:

collateralActions.depositCollateralAndMintEDC(tokenCollateralAddress, amountCollateral);

Mint EDC

Users can mint additional EDC (if eligible) by calling the mintEDC function:

collateralActions.mintEDC(amount);

Burn EDC

Users can burn EDC by calling the burnEDC function:

collateralActions.burnEDC(amount);

Liquidate Under-collateralized Position

Liquidators can liquidate an under-collateralized position by calling the liquidate function:

collateralActions.liquidate(user, token, debtToCover);

Security

Only the collateralActions contract can call sensitive functions in CollateralActions and EquiDime.
Reentrancy guards are in place to prevent reentrancy attacks.
Proper checks are implemented to ensure that health factors and collateralization are maintained.

Contributing

You welcome dude! Fork the repository (Learn , play with it, miss things) and submit pull requests for any improvements or bug fixes.

License

This project is licensed under the MIT License.

This README provides a concise overview of the EquiDime Protocol, its components, usage.

Im using Foundry .cheak the book.

0x7lm/EquiDime