New Challenge 6: Stablecoins

[Nadai2010]

Overview

Create a new challenge based on Speed Run Ethereum, specifically Challenge 5, but adapted to Starknet.

To access this challenge, users must have completed challenges 0 through 4 from Speed Run Ethereum.

💰 Stablecoins

🪙 Build your own decentralized stablecoin. Develop a contract that accepts collateral and issues MyUSD tokens based on the collateral's value. Consider the following scenarios:

• Collateral Value Increase: If the collateral value rises, users can borrow more tokens.
• Collateral Value Decrease: If the collateral value drops, implement a system for liquidating the MyUSD to maintain stability.

Proposed Solution

1. Understand the Challenge Mechanics

   • Analyze the original Speed Run Ethereum Challenge 5.
   • Identify necessary modifications to adapt it to Starknet.
   • Focus on handling collateral fluctuations and liquidation mechanisms.

2. Create a Separate Private Repository

   • Implement the challenge in Starknet using Cairo.
   • Ensure the contract logic follows best practices.
   • Document the challenge structure and steps in a README.md, following the format of previous challenges.

3. Assign Repository Access

   • Grant repository access to nadai2010 or 0xquantum3labs for review and feedback.

Next Steps

• Define the exact challenge specifications for the Starknet environment.
• Develop and test the smart contract implementation.
• Provide a step-by-step guide for users to complete the challenge.
• Review and iterate based on feedback.

[jrcarlos2000]

we will not implement this challenge i believe, we will do DEX and multisig

[mimisavage]

Mind if I try this one?