Buterin: How to create algo stablecoins that don’t turn into Ponzis or collapse By Cointelegraph
May 28, 2022
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Buterin: How to create algo stablecoins that don’t turn into Ponzis or collapse
co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable.
Buterin’s comments were sparked by the multi-billion dollar losses caused by the collapse of the ecosystem and its algo stablecoin TerraUSD (UST).
1: Can the stablecoin ‘wind down’ to zero users?
2: Negative interest rates option required
Continue Reading on Coin Telegraph
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Buterin: How to create algo stablecoins that don’t turn into Ponzis or collapse
co-founder Vitalik Buterin has shared two thought experiments on how to evaluate whether an algorithmic (algo) stablecoin is sustainable.
Buterin’s comments were sparked by the multi-billion dollar losses caused by the collapse of the ecosystem and its algo stablecoin TerraUSD (UST).
1: Can the stablecoin ‘wind down’ to zero users?
2: Negative interest rates option required
Continue Reading on Coin Telegraph