Introduction to RoC
Last updated
Last updated
RIF On Chain is a suite of smart contracts whose purpose is providing:
A RIF-collateralized stable-coin, Dollar On Chain, (USDRIF)
A passive income hodler-targeted token, RIFPro (RIFP)
RIF On Chain runs on the and uses the RIF token as reserve assets to back RIF On Chain. You can find more info on the RIF token and decentralized economies .
The rationale behind this is that deposits of RIF help collateralize the USDRIF and RIFPro absorbs the USD-RIF rate fluctuations.
RoC system is a network of cooperative smart contracts working together to ultimately provide a US dollar pegged ERC20 Token (USDRIF). In this sense, the contracts we can categorize them into 4 categories:
RoC state Contracts: They keep RoC state variables and logic (MoC, MoCState, MoCBucketContainer, MoCSettlement, MoCBurnout)
RoC pure logic Contracts & Libraries: Functional extensions of the above merely to have responsibility separation and contracts size (aka deploy fee) low. (MoCHelperLib, MoCLibConnection, MoCConverter, MoCExchange, MoCConnector, MoCRiskProxManager, MoCInrate, MoCWhitelist, MoCBase)
Tokens: Tokens backed by the system (OwnerBurnableToken, StableToken, RiskProToken)
External Dependencies: External contracts the system relies on, in this case the Oracle or price provider; this could evolve independently of RoC system as along as the interface is maintained. (PriceProvider)
Also you can read official information about