Muchiko Facilitator

Screenshots

Problem Statement

Muchiko allows users to utilize their exisitng liquidity from other chains to mint GHO stablecoins using this facilitator on polygon while the original colateral remains locked on the other chain as long as its value does not drop below specified level in which case liquidation can occur.

Solution

crucial tech that was used:GHOtoken, Faciliatotor smart contracts by AAVE team that were used to prototype creation of new facilitator.Chainlink CCIP for cross-chain communication, Chainlink price feed oracles for collateral value monitoring.ScaffoldEth2 + ConnectKit from Family - Frontend with UI conected to Muchiko facilitator smart cxontracts.