/foundry_stable_coin

Primary LanguageSolidity

Types of Stable Coins

  1. Relative Stability

a. Pegged/Anchored - Example : USDT, USDC, DAI b. Floating: RAI Stable Coin

  1. Stablity Method

a. Governed - Minting/Burning via Centralized Parties - USDT.USDC,TUSD b. Algorithmic - Minting/Burning via Code - DAI, FRAX and UST

  1. Collateral Based

a. Exogenous Collateral - Collateral outside the protocol - USDC, DAI b. Endogenous Collateral - Collateral inside the protocol - UST

THE DESIGN

  1. Relative (Anchroed or Pegged) to USD -> Chainlink Price and Set a function to exchange ETH & BTC
  2. Stability (Minting) : Algorithmic(Decentralized) -> People can only mint with Enough collateral
  3. Collateral: Exogenous(wETH or wBTC)