Haurva Protocol - $HAUSD with the ticker
HAUSD is my project and attempt to replicate a stablecoin on an EVM compatible environment with no need of bank reserves or a fixed supply.
The project is working as simple as:
- You deposit BNB
- Chainlink oracle BNB/USD and the smart contract work together to find the latest price of one unit of BNB
- Contract calculates how much BNB would be one dollar
- You'll get your HAUSD and pay 0.05% minting fee to the owner wallet.
And if you want to redeem your tokens, it will do the same as well.
Addresses -
Testnet-
Mainnet Oracles -
Testnet -
Mainnet Why should I prefer this over USDT/USDC? As mentioned a lot here those are centralized and also can be frozen/banned by the companies responsible for those coins.
Why not DAI? DAI
overcollaterizes the token, which seems like some sort of guarantee, but minding the price of BNB, it seemed unnecessary for this project.
Properties - Chain: Binance smart chain
- Decimals: 6
- Collateral: BNB paid by the users
Risks If a huge crash on BNB happens, HAUSD may crash as well. If you have ideas of preventing it, I'd be happy to know about it!
Links -
Website-
Mint your $HAUSD (Only MetaMask is supported for now)-
Swap on Uniswap-
Community on Telegram-
Community on X-
Whitepaper-
GitHub Future ideas/perspectives - A swapper interface (as the button is there on website's navbar, I'll code it in a few days)
- Listing on DEX/CEX websites
- Bridging on other blockchains
- Improving the contract and mechanisms.
