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Stablecoin Vault Contract Implementation#1

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timileyin-create wants to merge 15 commits into
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feature/vault-stablecoin-system
Open

Stablecoin Vault Contract Implementation#1
timileyin-create wants to merge 15 commits into
mainfrom
feature/vault-stablecoin-system

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@timileyin-create

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Overview

This PR implements a comprehensive stablecoin vault system that allows users to create collateralized debt positions (CDPs) using STX as collateral. The implementation includes core functionality, governance controls, and security measures.

Changes

Core Contract Implementation

  1. Constants and Error Codes

    • Added contract owner definition
    • Defined error codes for various contract states
    • Set price, collateral ratio, and fee limits
  2. Data Structure

    • Implemented vault storage mapping
    • Added liquidator and oracle authorization mappings
    • Defined system parameters (collateral ratios, fees)
  3. Validation Functions

    • is-valid-price: Price range validation
    • is-valid-ratio: Collateral ratio validation
    • is-valid-fee: Fee validation
  4. Core Functions

    • Contract initialization
    • Vault creation and management
    • Stablecoin minting and debt repayment
    • Collateral withdrawal
    • Liquidation mechanism
  5. Oracle Integration

    • Price update functionality
    • Oracle authorization management
    • Price validation checks
  6. Governance Controls

    • Parameter management (ratios, fees)
    • Liquidator authorization
    • Oracle management
    • Emergency shutdown capability
  7. Read-Only Functions

    • Vault information retrieval
    • Collateral ratio calculation
    • Authorization checks
    • System parameter queries

Documentation

  • Added comprehensive technical specification
  • Included security policy and guidelines
  • Created contribution guidelines
  • Added code of conduct

Security Considerations

  • Input validation for all parameters
  • Access control checks
  • Price manipulation prevention
  • Collateral ratio safety checks
  • Emergency shutdown mechanism

Deployment Steps

  1. Deploy contract
  2. Initialize with valid price
  3. Add initial oracles
  4. Add initial liquidators
  5. Verify parameters

Future Improvements

  • Multi-collateral support
  • Variable stability fees
  • Partial liquidations
  • Auction mechanism

Checklist

  • Code follows style guidelines
  • Documentation updated
  • Security review completed
  • Error handling implemented

- Define contract owner and various error codes
- Set maximum and minimum price limits
- Establish collateral ratio and stability fee limits
- Define collateral ratio, liquidation ratio, stability fee, and initialization flags
- Add mappings for vaults, liquidators, and price oracles
…t contract

- Implement `is-valid-price` to check price within allowed range
- Implement `is-valid-ratio` to check ratio within allowed range
- Implement `is-valid-fee` to check fee within allowed range
…oin vault contract

- Implement `initialize` to set up the contract with initial BTC price
- Implement `create-vault` to allow users to create vaults by depositing collateral
…blecoin vault contract

- Implement `mint-stablecoin` to allow users to mint stablecoins against their collateral
- Implement `repay-debt` to allow users to repay their debt and reduce their vault's debt balance
…ntract

- Implement `withdraw-collateral` to allow users to withdraw collateral while maintaining the minimum collateral ratio
…blecoin vault contract

- Implement `liquidate` to allow authorized liquidators to liquidate vaults below the liquidation ratio
- Implement `update-price` to allow authorized oracles to update the BTC price
…s in stablecoin vault contract

- Implement `set-minimum-collateral-ratio` to allow the contract owner to update the minimum collateral ratio
- Implement `set-liquidation-ratio` to allow the contract owner to update the liquidation ratio
…n stablecoin vault contract

- Implement `set-stability-fee` to allow the contract owner to update the stability fee
- Implement `add-liquidator` to allow the contract owner to add authorized liquidators
- Implement `remove-liquidator` to allow the contract owner to remove authorized liquidators
…lt contract

- Implement `add-oracle` to allow the contract owner to add authorized price oracles
- Implement `remove-oracle` to allow the contract owner to remove authorized price oracles
…n vault contract

- Implement `trigger-emergency-shutdown` to allow the contract owner to initiate an emergency shutdown
…atio in stablecoin vault contract

- Implement `get-vault` to retrieve vault details for a given owner
- Implement `get-collateral-ratio` to calculate and return the collateral ratio for a given owner
…es, and retrieving stability parameters in stablecoin vault contract

- Implement `is-authorized-liquidator` to check if an address is an authorized liquidator
- Implement `is-authorized-oracle` to check if an address is an authorized oracle
- Implement `get-stability-parameters` to retrieve current stability parameters of the contract
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