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Overcollateralized Stablecoin

  1. Relative Stability: Anchor/Pegged to USD -> $1.00

    1. 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)
  3. Collateral Type: Exogenous (Crypto)

    1. wETH (ERC20 version of ETH)
    2. wBTC (ERC20 version of BTC)

Security

  1. What are our invariants/properties?
  2. Some proper oracle use
  3. Write more tests
  4. Smart Contract Audit Preparation: https://github.com/nascentxyz/simple-security-toolkit/blob/main/audit-readiness-checklist.md