rizzerve

Treasure-backed token stabilizing market fluctuations impact on savings.

rizzerve

Created At

ETHGlobal Prague

Project Description

This project is aiming to reduce fluctuations on market(still in development), by two main mechanisms lets call them smaller and bigger scope. smaller scope is basically apply vollatility balancing based on same principle as stable coins(minting and burning) with one main difference which is not reducig price to predeffineted amount but allowing token to rise or falls by price ,but the fluctuation is not that hard. Bigger scope is basicly the tokens backing treasure ballancing, using diversificed assets from real and also crypto world , treasure disstribution between should reacts to market mood and different cases of movement on it by rebalancing the assets to keep price as stable as possible and in best case ensure to rise on value, Stonks. In this under development version i was able to create some contracts and function for staking, minting, vollatility balancing, small prepare for be able to include oracles, distribution, burning, stabilization and some simulated frontend where user can try how token is reacting on different cases of market status, sadly i wasnt able to connect all frontend and backend.

How it's Made

This project is builded on top of Scaffold-ETH 2, Web3 wallet, and React for frontend. Iam newbe in this feeld so after 4day bootcamp from urbe.eth guys and lots of backing and consultation with Ai and bigg ammount of vibe coding this is the most that i was abel to achive :D It was good to have thanks to Scaffold some starting point where guy like me with zero knowleadge about developing on web3 and "one man show" team . At the process i was able to learn even the typescript that i didnt used before and i was able at the end to write some functions from scratch, correct some Ai generated bs , and achive for me quiet function app.

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