Ecosyste.ms: Awesome

An open API service indexing awesome lists of open source software.

Awesome Lists | Featured Topics | Projects

https://github.com/dappcoderr/makerdao-dss

Last synced: about 2 months ago
JSON representation

Host: GitHub
URL: https://github.com/dappcoderr/makerdao-dss
Owner: DappCoderr
Created: 2024-07-25T07:08:40.000Z (5 months ago)
Default Branch: main
Last Pushed: 2024-08-16T18:00:24.000Z (5 months ago)
Last Synced: 2024-08-17T13:27:32.032Z (5 months ago)
Language: Solidity
Size: 25.4 KB
Stars: 0
Watchers: 1
Forks: 0
Open Issues: 0
Metadata Files:
- Readme: README.md

Awesome Lists containing this project

README

        ## MakerDAO Decentralised StableCoin System (DSS)

For this project we are using -

1. Relative Stability: Anchored or Pegged -> $1

   1. Setup chainlink price feed.

   2. setup a function to exchange the ETH and BTC.

2. Stability Mechanism (Minting): Algorithmic (Decentralized)

   1. People can only mint the stablecoin with enough collateral.

3. Collateral: Exogenous (Crypto). Using only two types of Crypto currency as collateral.

   1. This the wrapped version of ETH token called as wETH

   2. This the wrapped version of BTC token called as wBTC