Web Application
The Portal Side of the application is the Swap Interface and on-chain Financial Layer for the TAO-Backed Stablecoin (TUSDT) system. It is deployed on an EVM network, which allows users to interact with the core stablecoin mechanics.
The Portal Side facilitates the two primary functions of the stablecoin protocol: minting TUSDT by depositing TAO collateral, and burning TUSDT to withdraw the TAO collateral.
Portal Side Description: Minting and Burning
The two screenshots illustrate the two-way swapping functionality of the Portal Side. The core components handling these operations are the Mint TUSDT and Burn TUSDT.
1. Minting TUSDT (Collateralization)
This process is initiated by selecting the "Swap Button" in the middle of the swap interface, allowing a user to Deposit TAO (Native) to Get TUSDT Stablecoin.
2. Burning TUSDT (Redemption/Withdrawal)
This process is initiated by selecting the "Swap Button" in the middle of the swap interface, allowing a user to Deposit TUSDT (Stablecoin) to Withdraw TAO (Native).
Security Features
The Portal Side's Vault Manager and TUSDT Token contracts incorporate critical security features:
Pausable and Upgradeable Proxies Smart Contract: The TUSDT Token Contract uses these patterns for enhanced security and future-proofing.
Circuit Breakers: The Vault Manager contains logic for emergency mechanisms, which can halt withdrawals during extreme price drops in TUSDT (e.g., a full shutdown after a 20% TUSDT Price drop) and Miner are send buy alpha task till it reached to $1 USD worth of TUSDT.
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