What can be stable in unstable world? // so-called stable coins story
The true answer is nothing but one thing: instability itself is stable ;)
What happened to the $3.5 billion Terra reserve?
UPD: CZ’s FAQ 8 — On LUNA/UST and Taking the Right Risks
UPD:terra-ecosystem-revival-plan-2-updated-and-final
To be backed or not to be..
The best case is to be backed by re-balanced basket of assets, not just miners rewards of one protocol.
Conclusions:
Web3/defi is just implementing same old concepts on new decentralized tech platforms. It’s like horses on wheels. But we need something totally different, flying spaceships maybe.
Links:
UPD:
UPD:
Pluto design: At least 80% of the Treasury is comprised of stablecoins.
If you don’t know how to solve the problem just make a wrapper over other solutions. More stablecoins backed by other stablecoins…
UPD: What about backed stablecoins? // USDT,USDC,
UPD: $USN is a NEAR-native stablecoin that can adapt to both bull and bear market conditions
