The Stable Credit protocol comprises the following elements:
- Reference 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.
- Risk Oracle: analyzes data from the network, members, and third parties and outputs risk analysis and predictions to an on-chain
- Credit Issuer: contract that leverages underwriting data provided via the Masa Protocol to calculate and assign credit terms to members.
- Network Reserve: contract that accumulates fees from network participants to underwrite Stable Credit risk.
- Network Debt Account: autonomous network account that manages the rectification of defaulted debt accounts.