This project implements an ERC20 stablecoin pegged to the US dollar, utilizing Chainlink Pricefeeds and an algorithmic stability mechanism without centralized minting or burning. It allows users to mint the stablecoin by providing crypto collateral (wETH or wBTC) and is governed by a DecentralizedStablecoinEngine contract. The project is designed for developers interested in decentralized finance (DeFi) and stablecoin mechanics, leveraging OpenZeppelin contracts and Hardhat for development and deployment.
How the donated funds are distributed
Kivach works on the Obyte network, and therefore you can track all donations.