Decentralized Stable Coin
Satyam
This research paper presents an in-depth study of a decentralized, USD‑pegged algorithmic stablecoin (similar to MakerDAO’s Dai). We explore its design, implementation, and innovations, including multi-asset collateral (ETH and BTC), an on-chain health‑factor mechanism for overcollateralization, and algorithmic peg maintenance. We compare this protocol to existing stablecoins (DAI, USDC, TerraUSD/UST, FRAX, etc.), analyze risks and advantages, and outline its potential use cases. The methodology involves smart-contract development on Ethereum-compatible blockchains (including zero-knowledge rollups) using tools like Foundry/Anvil, as well as economic modeling and simulation. Key features include a dynamic collateral ratio enforced via a health factor metric and automated supply adjustments. Our coin aims for decentralization and stability, leveraging lessons from established stablecoins