DEGEN-devs

Degen

there definitely should be an unpegged reflexer wrapper of $degen. it would be even better if there was a points/prize savings protocol for the "degenRAI" & degen, assuming yield-generating vault exists for both. 

(lending/borrowing against bigger stables wouldn't hurt, either)

what does everyone think about an unpegged stable of degen?

what does everyone think about an unpegged stable of degen? https://github.com/reflexer-labs/whitepapers/blob/master/English/rai-english.pdf

𝖒𝖆𝖓𝖉𝖆𝖙𝖚𝖒 𝖆𝖉 𝖆𝖘𝖙𝖗𝖆

oh man. that would finally get me into RAI. What do we need for this?

cc @proxystudio.eth

Would be very interested in exploring further. More centralized stablecoins are coming into the eco very soon, but would make sense to have a decentralized alternative. Having robust Degen/stables and degen/weth markets on Degen Layer3 would open up a world of possibilities

Agree. And I like the contrast of algo stables v. common stables. Experimental, but incredibly important to nail down. More anti-fragile.

trying to grok this. what are the major differences between L3 $degen & the original, and is it critical that this protocol be on both layers? in that case, what are the complications from bridging?

obv L3 yields tokengateable provenance for fc.