For this project we are using -
- Relative Stability: Anchored or Pegged -> $1
- Setup chainlink price feed.
- setup a function to exchange the ETH and BTC.
- Stability Mechanism (Minting): Algorithmic (Decentralized)
- People can only mint the stablecoin with enough collateral.
- Collateral: Exogenous (Crypto). Using only two types of Crypto currency as collateral.
- This the wrapped version of ETH token called as wETH
- This the wrapped version of BTC token called as wBTC