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Monteluna
@monteluna
The PID controller designed floatcoins are better than holding flat dollars, since purchasing power is down 20% from 2020. TAI seems to be a spiritual successor to RAI, but I'm not sure if there's any market appetite to use floats considering the people want fixed par to the USD despite inflation.
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Tonyp
@tonyp
I think the tough part of this model is finding people that would rather be short a valid store of value than the dollar. Inflation benefits borrowers. Maybe a protocol that used f(x)-style tranches would be better for a flatcoin.
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Monteluna
@monteluna
On "inflation benefits borrowers", this is true. My only response is we should assume that won't happen since HAI's point is to provide liquidity for leverage LSD markets. It feels like LSD borrowing demand is very high, and we haven't even seen restaking yet. https://twitter.com/ameensol/status/1617582677833699330
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