Questions tagged [stablecoins]

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5
votes
0answers
29 views

How does the Dai peg to dollar?

I am interested in the Dai stable coin and have seen multiple different explanations of how the coin balances and pegs to the $1. One said it was to do with the increase or decrease in interest rates ...
2
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0answers
19 views

How does the Dai stablize?

I am interested in the Dai stable coin and have seen multiple different explanations of how the coin balances and pegs to the $1. One said it was to do with the increase or decrease in interest rates ...
0
votes
1answer
20 views

Is it possible to work with stable coin currency in Ethereum smart contracts using solidity?

I know in solidity you can use identifiers like ether and wei. For example, I can do something like if (msg.value == 1 ether) { //do something } Is it possible for me to use stable coins as a type ...
2
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4answers
89 views

Why are lending rates on USD based stable coins so different?

Since DAI is a USD based stable coin along with USDT and USDC, then why are their lending rates so different? In theory, the risks behind owning any of these stable-coins is similar so their lending ...
0
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0answers
32 views

Transaction error thrown with Vyper smart contract in MetaMask

I am trying to troubleshoot a problem I'm having with a crowdsale contract (written in Vyper). The contract compiles fine, and I can deploy the contract to Rinkeby without any problems, however when I ...
0
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0answers
35 views

Tax coins for Universal Basic Income

I am working on building a coin that will be useful in providing UBI, but need a method to maintain the price of the coin, so that it doesn't fall below threshold. Here is the idea: So every month, ...
0
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1answer
27 views

Can ERC-20 based stablecoins be confiscated or be subject to legal process?

Can ERC-20 based stablecoins be confiscated or blacklisted? Can I lose my stablecoins? What are differences between stablecoins out there?
1
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2answers
44 views

Calling a Solidity function automatically in realtime

I have an oracle with a 'getPrice' function that returns the latest ETH/USD price. Let's say, I am implementing a stablecoin contract which requires over-collateralization with ETH. How will I ...
0
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0answers
48 views

Target Rate Feedback Mechanism (TRFM) Not Easy to Understand

From this article, I read: When Dai below the target price the following happens: The Target Rate increases. This causes the Target Price to increase at a higher rate. This causes Dai ...
0
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0answers
13 views

How do financial derivatives offer stable value? From Ethereum Whitepaper

I'm having a hard time understanding what this paragraph in the section labeled "Financial derivatives and Stable-Value Currencies" means: Financial derivatives provide an alternative. Here, ...
1
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0answers
43 views

How to get total tether supply on Ethereum from BigQuery dataset

I've noticed that the numbers for Totaly supply of Tethers seem to diverge on the official Tether transparency page and the Etherscan block explorer, and I want to find a way to get the correct number....
0
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1answer
77 views

Can someone send their stable coin ERC-20 tokens to my smart contract?

Here is a business case. Two people own an asset, and they estimate the annual maintenance on that asset is $1000 over the next year. So they each want to put $500 and lock it up in my smart ...
0
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1answer
332 views

How to build ERC20 based stablecoin?

I want to build stablecoin for my college project. I am thinking of developing ERC20 token pegged with fiat currency. Can someone please suggest me best tutorials/guides to build stablecoin on ERC20?
2
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1answer
35 views

How DAI stablecoin is able to be decentralised or how the CDP(Collateralized Debt Position ) process works?

I am reading about stablecoins in order to understand which one would be best suitable for my need( let users of my app be payed or rewarded by a crypto and at the same time lowering the effect of ...
4
votes
1answer
539 views

What is DeFi decentralized finance?

What is DeFi? What are its core components? How to think about or picture "it"? Some of the parts are tokens, stablecoins (tokens with specific properties to reduce its volatility), and exchanges, ...
1
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1answer
1k views

Create an ERC20 Stablecoin [duplicate]

How to create a stable coin with an ERC20 token contract ? Does it require contract to be modified ? Are there some good practices or standards ?
3
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2answers
33 views

Is there any stablecoin except for DAI that is stable against the dollar without actually being backed by physical dollars?

Is there any stablecoin except for DAI that is stable against the dollar without actually being backed by physical dollars? Perhaps backed by CDP or some other method? Vesa
1
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1answer
223 views

List of Stablecoins built on Ethereum

What are some stablecoin projects built on Ethereum and how do they distinct between each other?
1
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2answers
439 views

How to get price of ETH to DAI within smart contract?

Is it possible to get the current price of Ethereum to Dai within a smart contract? Can this be done without a transaction, using a read operation by the nodes on some kind of existing decentralized ...
2
votes
2answers
181 views

How does the DAI stablecoin stay at $1?

The answer here is not very useful so I'm asking again. It doesn't matter if you describe the mechanism with the current or future version of MKR. If the price of DAI on the open market deviates ...
7
votes
1answer
506 views

How does the DAI keep its peg to a USD dollar?

I learned recently that the DAI uses some kind of smart contract magic to peg itself to the dollar as a stable coin. How is this not centralized as it involves fiat pairs? And what are some of the ...
1
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0answers
613 views

List of stable coin projects [closed]

I am trying to list the various stable coin projects on Ethereum. So far I have: Maker StabL Digix EthereumDollar String Which did I miss? (I'll update the above as answer come in.)
4
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1answer
1k views

Smart Contract with stable coin

Is there any stable coin, which can already be used with smart contracts? If not, is there a possibility to exchange a stable coin in real time into a smart contract feasible coin like ETH by help ...
1
vote
1answer
78 views

How to control a token's exchange value

Suppose you wanted to create a token representing an index fund for various cryptocurrencies and you made sure that you held enough cryptocurrency reserves for each currency represented in the fund. ...
0
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0answers
66 views

How can I setup a fixed price (in USD) in a smart-contract? [duplicate]

I would like to sell tokens at a fixed price in dollars and to do the conversion in ETH by default at the coinmarketcap price. E.g. Would like to sell 1 "mytoken" every day at 1 USD. 1 USD = 0.12 ETH (...
10
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3answers
1k views

How would stablecoins work on Ethereum?

The idea of a stablecoin in Ethereum is to create a token that is pegged to the price of say $1 USD. What are the main ways of achieving a stable cryptocurrency? What DApps are implementing them and ...
7
votes
2answers
2k views

Smart contract based betting — protection against depreciation

Let’s say I want to enter into a bet with my friend — if it rains 10 days from now, I will pay him $100; if it doesn’t, he will pay me $100. Would it be possible to take advantage of smart contract ...