Is Terra Stable? Is any algorithmic stablecoin?
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.
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
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?