Stablecoin module
The stablecoin module accepts LSD income certificates and dOT certificates and local currency certificates as collateral, and the system speed is improved to make it easier and safer to accept highly volatile Cryptocurrencies such as stETH, rETH dOTstETH.
USDP uses the "Dynamic Collateral Ratio" as a transition between collateralized stablecoins and algorithm stablecoins to determine the current level of collateral rates based on market demand.
When the collateral rate is 100%, USDP is completely collateralized by the fiat currency-denominated reserve, which is a 1:1 fully collateralized stablecoin. When the collateral rate is 0%, USDP is an algorithm stablecoin that does not require any collateral. In the initial stage, only the collateral is required to mint USDP through the coinage contract.
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