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MAAT 🪶
@templeofmaat
1/ In the fight to preserve purchasing power, it is important that *some* amount of yield is allocated to MAAT's Unit of Account, though not so much that it undermines its stability. The question is, "How much?"
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MAAT 🪶
@templeofmaat
2/ While we crypto users might view the yield of an RToken as an important variable in deciding whether we will or will not mint, I envision a potential future where people, utilising a Flatcoin RToken as everyday currency, don't need to know its underlying components.
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MAAT 🪶
@templeofmaat
3/ Instead, all they know is that their purchasing power is maintained, and that this is the default state of things. In MAAT's case, when juxtaposing the strength of the Dollar with Ether, the Dollar needs to have a fighting chance.
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MAAT 🪶
@templeofmaat
4/ It is also important that if we really are designing a new currency, that ample protections are put in place to protect its users. This is why a principle inspired by prior thinking around the Index Dollar (iUSD) has been embedded within MAAT as a spiritual successor...
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MAAT 🪶
@templeofmaat
5/ Balanced yield with insurance. Half to users. Half to stakers. This is appropriate not only as a starting point for observing how well MAAT maintains purchasing power, but also as a way of seeing and valuing the Reserve community and their role to play.
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MAAT 🪶
@templeofmaat
6/ It is also (coincidentally) in step with the more abstract notions of MAAT; that of a principle of Order and Balance for society. 🪶
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