diff --git a/.gitignore b/.gitignore
new file mode 100644
index 0000000..2d858a8
--- /dev/null
+++ b/.gitignore
@@ -0,0 +1,3 @@
+myenv/
+node_modules/
+package-lock.json
\ No newline at end of file
diff --git a/.gitmodules b/.gitmodules
new file mode 100644
index 0000000..260b545
--- /dev/null
+++ b/.gitmodules
@@ -0,0 +1,3 @@
+[submodule "foundry/lib/forge-std"]
+	path = foundry/lib/forge-std
+	url = https://github.com/foundry-rs/forge-std
diff --git a/.solhint.json b/.solhint.json
new file mode 100644
index 0000000..d7c3de9
--- /dev/null
+++ b/.solhint.json
@@ -0,0 +1,3 @@
+{
+  "extends": "solhint:default"
+}
diff --git a/contracts/core/stablecoin/Stablecoin.sol b/contracts/core/stablecoin/Stablecoin.sol
new file mode 100644
index 0000000..15eaf10
--- /dev/null
+++ b/contracts/core/stablecoin/Stablecoin.sol
@@ -0,0 +1,29 @@
+
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.28;
+
+// Importing the necessary libraries
+import "@openzeppelin/contracts/token/ERC20/ERC20.sol"; // Importing the ERC20 standard from OpenZeppelin
+import "@openzeppelin/contracts/access/Ownable.sol"; // Importing the Ownable contract from OpenZeppelin
+
+/**
+* @title Stablecoin
+* @dev Implementation of the algorithmic stablecoin with dynamic stability mechanism
+*/
+contract Stablecoin is ERC20, Ownable {
+    // State variables of the contract
+    uint256 public pegTarget; // The target peg value for the stablecoin
+    uint256 public collateralRatio; // Dynamic collateral ratio
+
+    // Events
+    event Mint(address indexed user, uint256 amount); // Event emitted when new stablecoins are minted
+    event Burn(address indexed user, uint256 amount); // Event emitted when stablecoins are burned
+
+    // Constructor to initialize the stablecoin
+    constructor(string memory name, string memory symbol, uint256 initialPegTarget) ERC20(name, symbol) Ownable(msg.sender) {
+        pegTarget = initialPegTarget; // Set the initial peg target
+        collateralRatio = 100; // Set the initial collateral ratio to 100%
+    }
+
+    // TODO: Core functionality to be implemented
+}
\ No newline at end of file
diff --git a/contracts/governance/GovernanceToken.sol b/contracts/governance/GovernanceToken.sol
new file mode 100644
index 0000000..df38260
--- /dev/null
+++ b/contracts/governance/GovernanceToken.sol
@@ -0,0 +1,22 @@
+// SPDX-License-Identifier: MIT
+pragma solidity ^0.8.28;
+
+// Import necessary libraries
+import "@openzeppelin/contracts/token/ERC20/ERC20.sol"; // Import ERC20 standard for token implementation
+import "@openzeppelin/contracts/access/Ownable.sol"; // Import Ownable contract for ownership management
+
+/**
+* @title GovernanceToken
+* @dev Token used for governance in the stablecoin ecosystem
+*/
+contract GovernanceToken is ERC20, Ownable {
+    // Voting power mapping
+    mapping(address => uint256) public votingPower;
+
+    // Constructor to initialize the token
+    constructor(string memory name, string memory symbol) ERC20(name, symbol) Ownable(msg.sender){
+        // TODO: Initial token distribution logic
+    }
+
+    // TODO: Implement voting and governance functions
+}
\ No newline at end of file
diff --git a/contracts/oracle/OracleAggregator.sol b/contracts/oracle/OracleAggregator.sol
new file mode 100644
index 0000000..3007772
--- /dev/null
+++ b/contracts/oracle/OracleAggregator.sol
@@ -0,0 +1,16 @@
+//SPDX-License-Identifier: MIT
+pragma solidity ^0.8.28;
+
+/**
+* @title OracleAggregator
+* @dev Aggregates price data from multiple oracles
+*/
+contract OracleAggregator {
+    // TODO: State variables for the contract
+
+    // Function to get the validated price from multiple oracles
+    function getValidatedPrice() external view returns (uint256) {
+        // TODO: Implement logic to aggregate prices from oracles
+        return 0; // Placeholder return value
+    }
+}
\ No newline at end of file
diff --git a/foundry/.github/workflows/test.yml b/foundry/.github/workflows/test.yml
new file mode 100644
index 0000000..34a4a52
--- /dev/null
+++ b/foundry/.github/workflows/test.yml
@@ -0,0 +1,43 @@
+name: CI
+
+on:
+  push:
+  pull_request:
+  workflow_dispatch:
+
+env:
+  FOUNDRY_PROFILE: ci
+
+jobs:
+  check:
+    strategy:
+      fail-fast: true
+
+    name: Foundry project
+    runs-on: ubuntu-latest
+    steps:
+      - uses: actions/checkout@v4
+        with:
+          submodules: recursive
+
+      - name: Install Foundry
+        uses: foundry-rs/foundry-toolchain@v1
+
+      - name: Show Forge version
+        run: |
+          forge --version
+
+      - name: Run Forge fmt
+        run: |
+          forge fmt --check
+        id: fmt
+
+      - name: Run Forge build
+        run: |
+          forge build --sizes
+        id: build
+
+      - name: Run Forge tests
+        run: |
+          forge test -vvv
+        id: test
diff --git a/foundry/.gitignore b/foundry/.gitignore
new file mode 100644
index 0000000..93fc223
--- /dev/null
+++ b/foundry/.gitignore
@@ -0,0 +1,16 @@
+# Compiler files
+cache/
+out/
+
+# Ignores development broadcast logs
+!/broadcast
+/broadcast/*/31337/
+/broadcast/**/dry-run/
+
+# Docs
+docs/
+
+# Dotenv file
+.env
+
+README.md
\ No newline at end of file
diff --git a/foundry/foundry.toml b/foundry/foundry.toml
new file mode 100644
index 0000000..79efdec
--- /dev/null
+++ b/foundry/foundry.toml
@@ -0,0 +1,9 @@
+[profile.default]
+solc_version = "0.8.28"
+fuzz_runs = 1000
+verbosity = 3
+src = "../contracts"
+out = "out"
+libs = ["lib"]
+
+# See more config options https://github.com/foundry-rs/foundry/blob/master/crates/config/README.md#all-options
diff --git a/foundry/lib/forge-std b/foundry/lib/forge-std
new file mode 160000
index 0000000..3b20d60
--- /dev/null
+++ b/foundry/lib/forge-std
@@ -0,0 +1 @@
+Subproject commit 3b20d60d14b343ee4f908cb8079495c07f5e8981
diff --git a/hardhat.config.js b/hardhat.config.js
new file mode 100644
index 0000000..544398e
--- /dev/null
+++ b/hardhat.config.js
@@ -0,0 +1,25 @@
+require("@nomicfoundation/hardhat-toolbox");
+
+/** @type import('hardhat/config').HardhatUserConfig */
+module.exports = {
+  solidity: {
+    version: "0.8.28",
+    settings: {
+      optimizer: {
+        enabled: true,
+        runs: 200,
+      },
+    },
+  },
+
+  networks: {
+    hardhat: {},
+    localhost: {
+      url: "http://127.0.0.1:8545",
+    },
+  },
+  gasReporter: {
+    enabled: process.env.REPORT_GAS !== undefined,
+    currency: "USD",
+  },
+};
diff --git a/mythril.config.json b/mythril.config.json
new file mode 100644
index 0000000..876cf95
--- /dev/null
+++ b/mythril.config.json
@@ -0,0 +1,5 @@
+{
+  "remappings": [
+    "@openzeppelin/contracts/=node_modules/@openzeppelin/contracts/"
+  ]
+}
diff --git a/package.json b/package.json
new file mode 100644
index 0000000..feddc3c
--- /dev/null
+++ b/package.json
@@ -0,0 +1,33 @@
+{
+  "name": "algorithmic-stablecoin-with-governance",
+  "version": "1.0.0",
+  "description": "An algorithmic stable coin that integrates a hybrid collateral system, decentralized oracle aggregation, and an adaptive governance model",
+  "main": "index.js",
+  "directories": {
+    "doc": "docs"
+  },
+  "scripts": {
+    "test": "npx hardhat test",
+    "compile": "npx hardhat compile",
+    "dev": "npx hardhat node",
+    "deploy": "npx hardhat run scripts/deploy.js --network localhost",
+    "lint": "solhint 'contracts/**/*.sol'"
+  },
+  "keywords": [
+    "stablecoin",
+    "defi",
+    "blockchain",
+    "ethereum",
+    "governance"
+  ],
+  "author": "Srivatsav Erramilli",
+  "license": "MIT",
+  "devDependencies": {
+    "@nomicfoundation/hardhat-toolbox": "^5.0.0",
+    "hardhat": "^2.22.19",
+    "solhint": "^5.0.5"
+  },
+  "dependencies": {
+    "@openzeppelin/contracts": "^5.2.0"
+  }
+}