Fides DeFi stablecoin build v1
- Relative Stability: Anchored or Pegged to the USD -> $1.00
- Chainlink Price feed.
- Set a function to exchange ETH & BTC -> $$
- Stability Mechanism (Minting): Algorithmic (Decentralized)
- Users can only mint the stablecoin with enough collateral coded
- Collateral: Exogenous (Crypto)
- ETH
- BTC