/f23-stablecoin

Decentralized StableCoin

Primary LanguageSolidity

Making a stablecoin

  1. Relative Stability: achored or pegged to the US Dollar.
    1. Use a Chainlink price feed.
    2. Set a function to exchange ETH & BTC -> $$$
  2. Stability Mechanism: Minting, algorithmic. Decentralized.
    1. People can only mint the stablecoin with enough collateral, coded directly into the protocol.
  3. Collateral: exogenous (crypto).
    1. wETH (wrapped ETH)
    2. wBTC (wrapped BTC)