VUSD

A stablecoin pegged to the US Dollar, backed by interest-generating collateral.

Setup

1. Install

   git clone https://github.com/vesperfi/vusd-stablecoin.git
   cd vusd-stablecoin
   npm install

2. set NODE_URL in env

   export NODE_URL=<eth mainnet url>

   Or Use .env file

   touch .env
   # Edit .env file and add NODE_URL
   NODE_URL=<eth mainnet url>

3. Test

These tests will run on mainnet fork, which already configured no extra steps needed.

npm test

4. Run test with coverage

npm run coverage

Mainnet deployment and configuration info

• VUSD is already deployed on chain at 0x677ddbd918637E5F2c79e164D402454dE7dA8619 and we are not releasing new version.
• Any new release will deploy either Minter, Redeemer and/or Treasury.

• Below are the configuration steps for new release of Minter, Redeemer and Treasury

  Below operations will be done via VUSD governor.

  1. call updateMinter(_newMinter) on VUSD
  2. call updateTreasury(_newTreasury) on VUSD
  3. call updateRedeemer(_newRedeemer) on New Treasury
  4. call addKeeper(_keeperAddress) on New Treasury
  5. call migrate(_newTreasury) on Old Treasury
  
  

  PS: Step 5 has dependency on step 2, rest can be done in any order.

• Current keeper of VUSD system 0x76d266DFD3754f090488ae12F6Bd115cD7E77eBD. It can be added in new treasury in step 4.

Deployment commands

• Minter

  npm run deploy -- --tags Minter --gasprice 110000000000 --network mainnet

• Redeemer

  npm run deploy -- --tags Redeemer --gasprice 110000000000 --network mainnet

• Treasury

  npm run deploy -- --tags Treasury --gasprice 110000000000 --network mainnet