CitreaUSD
Decentralised Bitcoin backed stablecoin with native yield maintaining peg with perp short position of bitcoin derivates.
About
The problem it solves ### Stablecoin with Native Yield to Tap into the Bitcoin Economy, Enabled by Citrea 1. **Bitcoin-Backed Store of Value**: Introducing **cUSD**, a stablecoin backed by Bitcoin, catering to DeFi and trading communities on Citrea with a reliable and secure value proposition. 2. **Bitcoin-Native Yield**: Staking **cUSD** to **sCUSD** provides users with native Bitcoin yield, unlocking sustainable rewards for stablecoin holders. 3. **Direct Staking from Bitcoin Blockchain**: Seamless integration enables users to stake directly from the Bitcoin blockchain, abstracting complexity while bridging Bitcoin with the DeFi ecosystem. Additional Features Built completely during ethIndia 2024
How it's made
Challenges we ran into Few develepor challenges while working with citreaEVM, but devrel was very supportive and helpful to help me figure out a way