🚨 Code is not audited. Do not use in production
This project is a decentralized stablecoin designed to maintain a stable value pegged to the US Dollar (USD). It achieves this stability through CDPs and automated mechanisms to ensure the stablecoin remains over-collateralized and secure.
How It Works 🔄
- Users lock up crypto assets (e.g., ETH) as collateral in a CDP.
- Mint stablecoins against the collateral, up to a percentage of its value.
- Liquidation Threshold is set. If your borrowed amount exceeds the threshold of your collateral’s value, the CDP is liquidated.
- Real-Time price feeds track collateral values and the stablecoin’s USD peg using Chainlink.