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EthicalDeFi: Powering DeFi On Ethical Wheels

Home Page: https://ethicaldefi.xyz

License: Other

Rust 100.00%

cdp cryptocurrency defi ecdp setheum setheum-network stablecoin blockchain ethical ethicaldefi

ethicaldefi's Introduction

بِسْمِ اللَّهِ الرَّحْمَنِ الرَّحِيم

EthicalDeFi - Powering DeFi On Ethical Wheels (Moved into The Setheum Monorepo).

⚠️WIP - Work In Progress, Not Production Ready!

The Structure Of The EthicalDeFi Suite:

swap: DEX
open-liquidity-mining: Liquidity Mining Incentives for DEX
ecdp/unpegged -> setter(SETR): Unpegged Stablecoin
ecdp/pegged -> slickUSD(USSD): Pegged Stablecoin
liquid-edf: Allow users to issue ECDP Stablecoins with EDF(EthicalDeFi) collateral and get LEDF(Liquid EthicalDeFi) liquid collateral. Only works for ecdp/pegged -> slickUSD(USSD): Pegged Stablecoin.
liquid-see: Liquid Staking SEE(Setheum) for staking rewards and LSEE(Liquid SEE).

9.0. License

The code in this repository is licensed under the GNU GPL Version 3 License

Unless you explicitly state otherwise, any contribution that you submit to this repo shall be licensed as above (as defined in the GNU GPL-3 Version 3.0 or later WITH Classpath-exception-2.0, without any additional terms or conditions.

ethicaldefi's People

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ethicaldefi's Issues

Initialise GRA

ADD iNFRASTRUCTURE

Rename to `EthicalDeFi`

Rename to EthicalDeFi

Add Price Oracle Feeds

Initialize USSD

Merge into `EthicalDeFi`

Merge into EthicalDeFi

Initialize SETR

Merge in DEX, Liquid Staking, and the ECDPs (Setter & SlickUSD) all in this repo

Make the structure like this:

swap: DEX
open-liquidity-mining: Liquidity Mining Incentives for DEX
liquid-staking: Liquid Staking
ecdp/unpegged -> setter(SETR): Unpegged Stablecoin
ecdp/pegged -> slickUSD(USSD): Pegged Stablecoin

Merge from these Repos/Issues

EthicalDeFiSwap from DEX
Liquid Staking from Liquid

Add ECDP `subchain` to codebase

Update substrate to polkadot-v0.9.28

Add Makefile and CI/CD

Introduce `SoftDebtCeiling` and `HardDebtCeiling` in ECDPs

Where;

`SoftDebtCeiling`

SoftDebtCeiling can be exceeded by debt whereby the debt is above the SoftDebtCeiling. Once the SoftDebtCeiling is reached, more debt can be issued but only adhering to the SDC/SoftDebtCeiling parameters, which are:

SDCCollateralRatio: Often greater than usual (ie. 250%);
SDCLiquidationRatio: Often greater than usual (ie. 170%)
SDCCollateralAsset: Can only get loans with one collateral (ie. SETR), this is always SEE in SETR Unpegged ECDP protocol;
SDCMaxLoanAmount: The maximum amount of loan that can be borrowed to an account during the SDCPeriod;
(The SDCPeriod is the time period when the SoftDebtCeiling in the system has been reached or exceeded.

`HardDebtCeiling`

HardDebtCeiling is never exceeded once it is reached, it can however also be updated to increase the HardDebtCeiling threshold.

These parameters can be used as stability mechanism triggers that help in stabilising the stablecoins during low/medium or extreme price fluctuations.

USSD
SETR