https://github.com/agkkkkk/stablecoin
https://github.com/agkkkkk/stablecoin
Last synced: 2 months ago
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- Host: GitHub
- URL: https://github.com/agkkkkk/stablecoin
- Owner: agkkkkk
- Created: 2024-02-06T18:16:27.000Z (over 1 year ago)
- Default Branch: master
- Last Pushed: 2024-10-08T10:06:50.000Z (7 months ago)
- Last Synced: 2025-03-17T06:52:08.060Z (2 months ago)
- Language: Solidity
- Size: 12.7 KB
- Stars: 0
- Watchers: 1
- Forks: 0
- Open Issues: 0
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Metadata Files:
- Readme: README.md
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README
# StableCoin
## Table of Contents
- [About](#about)
The stable coin developed is anchored/pegged to USD, is exogenously collaterized, and has algorithmic stability mechanism.
### MakerDAO Liquidation
In Maker, the most important value for a CDP/Vault is the collateralization ratio, as this is what the system considers as the liquidation point and each collateral type has its own minimum collateralization ratio.
For ETH specifically that’s 150%. Allowing your position to fall below the minimum collateralization factor will result in your CDP being liquidated.
Once your collateralization ratio falls below 150% that allows anyone to call a “bite” on your position, effectively locking your collateral and starting the liquidation auction.