Kinda crazy we still don't have a non-pegged stablecoin that's widely used yet.

Either buy BTC/ETH to hedge against US monetary policy or hold USDC/DAI and get bled out by inflation.

We really should have better assets in the middle by this point.

ya, definitely the coolest yield bearing stable we've seen in a while 👍

I've got a small position there for that juicy yield. 

The question is whether the basis trade holds up decent yields in a bear vs. a bull market. We'll see.

I think Ethena USDe is the most interesting approach to the problem right now. Stablecoin pegged to USD but with APY to offset inflation backed by staking yield and hedged derivatives positions on BTC/ETH

The Reserve protocol is a permissionless platform to launch and govern 1:1 asset-backed currencies. https://linktr.ee/reserveprotocol