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Pylow š
@pylow
Iād resurrect Basis Cash (BAC), the failed algorithmic stablecoin. My revival plan: Hybrid Backing: Combine algo mechanics with partial crypto/cash reserves (like Frax) to reduce volatility death spirals. Real-World Use: Partner with DeFi protocols for yield-bearing vaults or emerging markets needing stable currencies. Governance Overhaul: Shift to veTokenomics (like Curve) to align long-term incentives and prevent speculative collapses. šø #DeFi #Stablecoins
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