Is Terra Stable? Is any algorithmic stablecoin?
Tag: dai
My Second Appearance on the Blockchain Debate Podcast with Sam Kazemian
A podcast discussing the insurmountable flaws with algorithmic stablecoins
$ALCX: Alchemix Cannot Turn Lead to Gold
There is a brand new DeFi protocol that lets you immediately take out a loan for half your collateral and the protocol will automatically pay back your loan. Financial magic, involving transmuting one coin, into another, while depositing one in a pool, magically you can get a loan and have no risk of liquidations (not … Continue reading $ALCX: Alchemix Cannot Turn Lead to Gold
My Second Appearance on Keyword Crypto: $MKR, $DAI, and $USDC
First appearance This time we discuss black swans, USDC, and my recent article about MakerDao. You can find show notes and links to the show here.
Dai and MKR: So Close
I wrote a piece about Dai in which I suggested it was vulnerable to certain black swan events that I felt were not being given appropriate consideration. I do still feel that those are accurate opinions, however, I have also come to appreciate more of the ethos surrounding Dai. Contents: Why Dai?What's Dai?How does Dai … Continue reading Dai and MKR: So Close
How Does a Stablecoin Make Money?
Note: This is an old post with some minor flaws, I am posting it here in protest of Medium. This post is prompted by something interesting I have noted in the cryptocurrency space, namely that there has been a significant proliferation of so called “stablecoins.” Besides the proliferation there has also been recent VC investment into … Continue reading How Does a Stablecoin Make Money?
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