DAI - Part 1
What are Stablecoins? Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to a reference asset such as fiat money, exchange-traded commodities, and another cryptocurrency. DAI is a decentralized stablecoin running on the Ethereum blockchain that attempts to maintain a value of 1 USD. In Part 1 of the DAI course, we will learn to build a StableCoin contract including the deposit and withdraw collateral functions.
Intended Learners
Who’s This Course For
- For developers who are interested in blockchain finance
- For developers who are interested in decentralized stablecoins, especially DAI
- For developers who are looking to learn Solidity programming applications
Requirements
- Basic understanding of stablecoin concepts
- Familiar with the ERC20 standard
- Basic Solidity programming skills, with a recommendation to first complete Solidity foundational courses (at least Solidity 101 to 104)
- Possess an Ethereum account, connected to both Mantle and a wallet, holding either Mantle tokens or test tokens (for those wishing to perform real on-chain operations, though deployment can also be done directly in a local environment if test tokens are not available)
What You’ll Learn
- Introduction to stablecoins and DAI
- Definition of contract initialization, variable definitions, and the deposit and withdrawal of collateral.
Syllabus
Setup Contract
Begin the SimpleStableCoin contract development by importing the necessary standards and defining the constructor.
Define Variables
In this section, define the essential variables and implement the constructor for the SimpleStableCoin contract.
DepositCollateral
Learn to write the 'depositCollateral' function, which is a key component of the contract's functionality.
WithdrawCollateral - Section 1
Start writing the 'withdrawCollateral' function, focusing on the initial structure and logic.
WithdrawCollateral - Section 2
Complete the 'withdrawCollateral' function, ensuring its full functionality and integration into the SimpleStableCoin contract.
DAI - Part 1