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Africa Reserve Stable Coin is a Stable Reverse Asset that is pegged to the USD

  • @author Matimu Ignatius
  • The system is designed to be minimal as possible, and have the tokens maintain a 1 token == $1 peg.
  • This stablecoin has the properties:
    • Exogenous Collateral
    • Dollar Pegged
    • Alogrithmically Stable
  • It is simmilar to DAI if DAI has no gvernance, no fees and was only backed by wETH and wBTC.

Upgrade to unpeg to USD

Our Stablecoin Features

  1. (Relative Stability) Anchored or Pegged -> $1.00
    1. Chainlink Price Feed.
    2. Set a function to exchnage ETH & BTC -> $$$.
  2. Stability Mechanism (Minting): Algorithmic (Decentralized)
    1. Can only mint the StbaleCoin with enough collateral.
  3. Collateral: Exogenous (Crypto)
    1. ETH ERC20 version wETH.
    2. BTC ERC20 version wBTC.

-> Calculate Health Factor Function -> Set Health Factor if dept is 0 -> Added a bunch of view Function

  1. What are our invariants/properties?

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DeFi Stablecoin

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