What are Stablecoins? Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to a reference asset such as fiat money, exchange-traded commodities, and another cryptocurrency. DAI is a decentralized stablecoin running on the Ethereum blockchain that attempts to maintain a value of 1 USD. In Part 1 of the DAI course, we will learn to build a StableCoin contract including the deposit and withdraw collateral functions.
Language
Solidity
Total Length
1.3h
Part of Learning Track
Build on Ethereum + 1
Begin the SimpleStableCoin contract development by importing the necessary standards and defining the constructor.
In this section, define the essential variables and implement the constructor for the SimpleStableCoin contract.
Learn to write the 'depositCollateral' function, which is a key component of the contract's functionality.
Start writing the 'withdrawCollateral' function, focusing on the initial structure and logic.
Complete the 'withdrawCollateral' function, ensuring its full functionality and integration into the SimpleStableCoin contract.
Language
Solidity
Total Length
1.3h
Part of Learning Track
Build on Ethereum + 1
