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srj-stable-coin (SSC)

Srj stablecoin project built on the Ethereum blockchain using the Hardhat development environment. The stablecoin aims to provide a stable value pegged to USD ($), making it suitable for various use cases in the blockchain ecosystem. You can put ETH/BTC as collateral to mint SSC.

Features

  • Stability:
    • Value of SSC will always depend on USD
    • only 50% of collateral value can be used to mint SSC
  • Decentralization:
    • No central Authority to mint, minting is completely depending on the collateral value
  • Liquidation:
    • anyone can liquidate under collateralized account by paying minted amount for that collateral
    • liquidation Benefit: liquidator will get 10% bonus
  • Transparency

Getting Started

Prerequisites

Installation

  1. Clone the repository:
git clone https://github.com/surajgjadhav/srj-stable-coin.git
cd srj-stable-coin
  1. Install project dependencies:
yarn

Usage

  1. Compile smart contracts:
yarn hardhat compile
  1. Run tests:
yarn hardhat test
  1. Run Coverage:
yarn hardhat coverage
  1. Deploy contracts to the Ethereum network:
yarn hardhat deploy

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Decentralized stable coin

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