[ANN] Haurva Protocol - HAUSD : Generic Algorithmic Stablecoin on BNB

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Haurva Protocol - $HAUSD

Haurva Protocol 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.

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The website has been completed. We've got our link of Liquidity pool here and due to the stablecoin nature of HAUSD, you currently can do swaps with USDT on Uniswap here as well.

P.S: First post also updated.

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Now you can Mint your HAUSD through our website. However, we only support Metamask for now.

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Today I submitted the project for BNB Chain grants. Let's wish we get the grant!

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We are open to investors, possible technical help and also legal help for getting listed in CEX platforms.

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There were problems with this project, and I am not saying I stop it, I may start a better one soon! Stay tuned!