Algorithmic-franc

Inspiration

DAI, USDC, and some other stablecoins.

What it does

Partly colleterall backed stable coin. Implemented basic, mint/redeem functions(demo purpuses, if you used it in production, you'd be robbed in 2 seconds).

How we built it

Working hard, googleing, rewriting code, with some breaks, and actually with fun. It was pretty challenging so it became fun.

Challenges we ran into

Solidity is bad at eqations with unknowns(espacially if they are in both sides), but I managed to replace them(i mean, i left the unkown i needed on the left side and rearrange the right side). Creating stablecoins is hard, and you always have to be somewhat uniqe.

Accomplishments that we're proud of

Proving that algorithmic stablecoins can be elegant, and easy to ready(even if it's not a fully functional demo project).

What we learned

Rearranging eqations :). Working under 'stress' and putting my perfectionism aside(i need a demo, not a perfect code).

What's next for Algorithmic-franc

I'll create helper contracts, so instead a demo i'll have a production ready code. If I'm satisfied enough with the results I'll put an MIT license on it, maybe deploy it, add some liquidity, but I'll definitely tweet about it.

Built With

• hardhat
• javascript
• math
• solidity
• vscode