XAIToken let's avoid liquidity even if the ETH price drops 50%


XAIToken is an attempt to create a CDP that will use Balance pools as to stabilise margin in the CDP and backed by that collateral you will mint a stable coin XAI. We have implemented CDP and looked into Balancer pools but unfortunately due to shortage of time couldn't complete the project.

How it's made

This project is made using Solidity and Remix. The impressive part was that one of the team member's Ahmed is brand new to the blockchain space and was able to get contracts working along with grasping the long and tedious details of understand and writing a CDP. The project includes a smart contract for token creation and another for CDP building. The third leg of the project was to mint the stable coin by depositing collateral in the CDP and then deposit that token in a Balancer pool.

Technologies used