Simple CDP-backed stablecoin
We want to build our own CDP backed stable but utilize chainlink services to implement dynamic risk management on dynamical sized basket of collateral.
The protocol allows users take loans against deposited collateral and can choose different automated reallocation strategies to optimize collateralization. It also relies on liquidations to ensure that the stablecoin is sufficiently backed.
We built the contracts using Foundry with Chainlink and Open Zeppelin contracts, and built a typescript API which performs Monte Carlo simulation to find the optimal weight allocation of well chosen basket of assets. The API is called by the contract through Chainlink function.
Getting chainlink functions to work with Foundry. Converting numbers between Oracles. Contract size limitation became a challenge that we solved by rethinking the architecture
Being able to quickly iterate, especially given our differing timezones Harmonizing skill-sets with engineering and quantitative finance. Combining different chains and protocol together : Chainlink / Uniswap
Chainlink functions are the entry point to an unlimited potential when it comes to modelling and simulations. Portfolio rebalancing with uniswap. Algothmic stablecoin management : minting/liquidations ...
Formalize protocol's economics Develop Front-end for on-boarding and vault management Simplify contract design, especially around liquidations Utilizing Chainlink functions to call more sophisticated models for portfolio management (in python).
Enter the dev shell via
nix develop
And run the tests:
forge test
When it comes time to deploy, copy .env-example to .env and set the variables.