PRESENTED AT THE 2021 CHAINLINK HACKATHON. IT WASN'T NO 1 BUT STILL A GOOD PROJECT
Inspired by these tweet from Brian Armstrong @coinbase
optimizing for stability. a flatcoin will always be able to buy unit amount of commodity x. due to the idiosyncrasies of a single commodity, we use more than one commodity, averaging out its price action by including other commodities.
The variance of these three commodities is 0.000355126 and the volatility is 0.018844798.
Compared to the dollar(M2) supply. (As supply goes up, value goes down i.e inflation).
Try mint some here : https://flatcoin.herokuapp.com/ or read about it here: https://medium.com/@AllanKaranja/web3-hackathons-e7e269779bd3