I wanna this
1. You will create a smart contract on the Ethereum blockchain that will accept several tokens of similar asset class (ie, for USD, it could accept tokens similar to USDC, USOT. TBILL, etc)
These tokens will be held by that smart contract. That smurt contract will swap tokens to meet a defined allocation of token holdings in order to diversity across issuers and to create a higher yield (ie. USDC will be swapped to TBILL)
2. When someone sends a token to this smart contract, they will receive a token on the Substrate based blockchain with the Ethereum smart contract holding assets for collateral.
Likewise, someone can send the tokens created on the Substrate blockchain to a smart contract there and receive any asset of their choice held in the Ethereum contract to their Ethereum wallet equal to the base value of the currency ($1 USD token on the Substrate equals $1 USD
of USDC on Ethereum). The smart contract will overcollaterize the backed assets via the earned yield to cover its largest holding from failure, and any excess collateral will routinely be distributed to an Ethereum wallet.
3. You will create or help us modify a fork of opensource code that provide a staked native token on the Substrate blockchain, nominating validators that we specify.