Once we crack credibly neutral stable coins it’s game over

USDC is a US entity
USDT is meh

There’s no neutral, no strings stable coin 

and no don’t at me with 1BTC is one BTC, not the world today but maybe the future

Farcaster Development Boutique @ https://dTech.vision 💜 in love with tech 🤓decentralization, fitness and oldschool rap 😎

Multiple ways.

Oligarchy:

Many jurisdictions and you put so many together no one truely controls it. Aka they all provide liquidity for their currency and get a profit share somehow to be all aligned at not letting this crash

Hard part: what’s the main currency pair against ETH/BTC? Dollar -> you don’t get China; Africa; EU etc

Technicals:

Truely algorithmic stablecoin that’s bullet proof.
Hard to do but once you have an algo and proper programmatic control over your collateral could be spun up for all currencies 

I need to reread

working on infra to displace adtech at /microsub • dance music lover + host of /campfire 🎧

Multiple ways.

Oligarchy:

Many jurisdictions and you put so many together no one truely controls it. Aka they all provide liquidity for their currency and get a profit share somehow to be all aligned at not letting this crash

Hard part: what’s the main currency pair against ETH/BTC? Dollar -> you don’t get China; Africa; EU etc

Technicals:

Truely algorithmic stablecoin that’s bullet proof.
Hard to do but once you have an algo and proper programmatic control over your collateral could be spun up for all currencies 

I need to reread https://vitalik.eth.limo/general/2022/05/25/stable.html

how could this be achieved? (i am a noob at understanding stables tbh)

Streamm.tv - onchain livestreaming lunapark 🎡
/streamm

We need a real DeFi magician for this🙏

Building @warpcast and @farcaster, new dad, like making food

LUSD (Liquity USD) is a fully decentralized and permissionless stablecoin backed by ETH 

Looks like they rebranded a bit https://www.liquity.org/bold (https://www.coingecko.com/en/coins/liquity-usd)

I’m sure there are more examples. These protocols exist, they just need adoption

> there's no...

https://docs.reflexer.finance/
https://docs.olympusdao.finance/main/overview/range-bound/

wtf are you talking about? insulting to Nikolai's memory....


we had DAI but it eventually evolved into most of its backing being USDC from what I recall last