BitStable Protocol Technical Docs
  • BitStable Technical Docs
  • Getting Started
    • BitStable Protocol 101
  • BitStable Protocol
    • DAII Module
      • DAII Chronogram
    • Core Module
    • Collateral Module
    • DAII Farming
    • BSSB Module
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  1. BitStable Protocol

Core Module

DAII Minting and Burning Mechanism: Implement a system to mint DAII on the Bitcoin blockchain and burn it for the redemption of ETH DAII via the multibit.exchange bridge.

Collateral Management: Include a mechanism to manage and track collateral assets used for minting DAII, ensuring over-collateralization to maintain stability.

Staking Rewards Distribution: Develop a process to distribute BSSB staking rewards to DAII stakers, possibly through periodic calculations and manual or semi-automated distribution, since smart contracts are not an option.

Cross-Chain Bridge Monitoring: Establish a monitoring system to oversee the cross-chain bridge operations, ensuring the 1:1 redemption process functions smoothly and securely.

Governance Integration: Enable governance decisions to influence core module operations, such as adjusting parameters for minting, burning, and staking, through a manual or semi-automated system, given the lack of smart contract functionality.

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Last updated 1 year ago