ReSource
  • Welcome
    • Introduction
    • Protocol Architecture
  • Stable Credit
    • Stable Credit Lifecycle
    • Credit Risk
      • Overview
      • Risk Prediction and Mitigation
      • Underwriting
      • Network Assurance
      • Network Debt Account
      • Default Management
        • Obligation enforcement
    • Soft Peg
    • Stable Credits <> Fiat Loans
      • The Credit Pool
      • The Launch Pool
    • Configurability
  • Inter-Network Trade
    • Inter-Network Trade
      • Inter-Network Clearing House
      • How inter-network trade is facilitated
      • Export Risk
      • Export Risk Mitigation
        • Import Fee Structure
        • Import Fee Proceeds
        • Import/Export Limits
      • Varying Reference Currencies
  • Contracts
    • StableCredit.sol
    • AccessManager.sol
    • FeeManager.sol
    • AssurancePool.sol
    • CreditIssuer.sol
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Protocol Architecture

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Last updated 1 year ago

The Stable Credit protocol comprises the following elements:

  • Reserve Currency: a unit of value (such as a stable coin) which serves as the Stable Credits’ soft-pegged value target and in which transaction fees are collected.

  • Credit Lines (also called Stable Credit Accounts): enable Members to mint and destroy Stable Credit units according to the bookkeeping logic of mutual credit-clearing.

  • Assurance Pool: contract that accumulates currency deposits from network participants to underwrite Stable Credit risk.

  • Assurance Oracle: analyzes data from the network, members, and third parties and outputs risk analysis and predictions to an on-chain RiskOracle contract.

  • Credit Issuer: contract that enables underwriting data to calculate and assign credit terms to members.

  • Network Debt Account: autonomous network account that manages the rectification of defaulted debt accounts.

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