Voodoo Finance

Inspiration

This concept was inspired by the original seigniorage formula and its application to blockchains

What it does

The first algorithmic stablecoin on EVMOS Network, pegged to the price of 1 EVMOS via seigniorage.

FARMING : Earn Vshare by staking LP’s VSHARE-EVMOS-LP VOODOO-EVMOS-LP WEVMOS

STAKING: Users get to stake their VOODOO-EVMOS LP in the FARM to earn VSHARE rewards. SBS: Swap Vbond -> Vshare BOND ROOM: Buy and Redeem Bonds

LIQUIDITY: Provide Liquidity

How we built it

Learnt about how EVMOS Ecosystem behaves Created several Staking pools Incorporating the seigniorage principle into the algorithmic stablecoin contract

Challenges we ran into

Deploying on a new chain was challenging, but we conquered it through persistence and dedication. We had to deploy both on the Mainnet and on the Testnet, which was a time-consuming process

Accomplishments that we're proud of

Built the first full algorithmic stablecoin pegged to EVMOS and ready for interaction both on mainnet and testnet

What we learned

Understand how EVMOS chain structures work. With EVMOS, deployment is fast and gas costs are low (this was one aspect we enjoyed about the chain). How stablecoins operate and we are still doing more research to improve this project.

What's next for Voodoo Finance

Improve the UI/UX of the frontend Audit the contract to prevent bugs Kickstart full time marketing

Built With

• javascript
• react
• solidity
• typescript
• vercel