Stablecoin EAS
Stablecoin attestation for the collateral assets
Project Description
With the rise of Stablecoin adoption and Singapore passing the Stablecoin regulation, the main concern which still remains is the on-chain proof for the offchain collateral assets. All top stablecoins in market now has the offchain collateral asset and there is no audit which can be trusted. So, this app uses Ethereum Attestation Service to have the attested certificate of the audits on-chain from multiple auditors with certain expiry and renew option. Before minting new stable coins, the attestation can be verified by the SC and by the user. Along with this it uses Chainlink's oracle to check for the under-collateralised stablecoin.
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How it's Made
Finding the right solution to mitigate the off-chain collateral asset verification.
