Currently, the platform calculates the C-Ratio based on fluctuations in the prices of XDC and PLI. If the price shifts, the dashboard reflects the impact on the C-Ratio, and users must either mint (by staking XDC or PLI) or burn xdUSD to meet the required C-Ratio. Since the platform is running on the Apothem network, no penalties or mandatory burning are enforced. The goal of this phase is to test the stability of the Plugin Network and evaluate the reliability of its price feeds.
- Stake XDC or PLI to mint xdUSD
- xChange Contract which allows the user to Swap the xdUSD with the synthetic assets/commodities
- Integrated PLUGIN(Decentralized Oracle) for each synthetic asset prices
- Debt Pool Maintenance
- Deriving the System C-Ratio & User C-Ratio
- Minimum Staking Enforcement
- Contract to Contract Issuance
- Assets / Commodities that are ready to swap as Synthetic value (BTC, ETH, PAX, SOL, MATIC, AAVE, CGO, PRNT)