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DAI - Part 2

In Part 2 of the DAI course, we will continue to build the StableCoin contract, focusing on the mint and burn functions.

Language

Solidity

Total Length

1.3h

Part of Learning Track

Build on Ethereum + 1

What You’ll Learn

Implementation of setting token prices, minting stablecoins with preconditions, and defining functions for burning stablecoins

mint

burn

collateralization ratio

Develop a function to inform the contract about the current price of the collateral.

Define and set up the collateralization ratio, a crucial metric for the stability of the contract.

Begin the process of writing the 'mintStableCoin' function, focusing on its initial development.

Finalize the 'mintStableCoin' function, ensuring its complete functionality for issuing stablecoins.