Core Mechanics
Explore the fundamental mechanisms of the USDFC Stablecoin Protocol
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Explore the fundamental mechanisms of the USDFC Stablecoin Protocol
Last updated
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The USDFC Stablecoin Protocol introduces a variety of innovative features that enable users to efficiently mint, manage, and utilize USDFC, our decentralized, Filecoin-backed stablecoin. These core mechanics work together to ensure the stability, security, and usability of the protocol.
How to mint USDFC using Filecoin (FIL) as collateral
How the Trove system manages individual collateralized debt positions
How liquidations protect the protocol from undercollateralization
How the redemption mechanism maintains USDFC's peg to the US Dollar
How protocol fees contribute to the system's sustainability
: Individual vaults where users deposit FIL collateral and mint USDFC
: The process of creating new USDFC backed by FIL collateral
: The mechanism for handling undercollateralized positions
: The process allowing USDFC holders to exchange for FIL at face value
: The fee structure supporting the protocol's long-term sustainability