This essay is broken down into three parts. Part I - Intro to Stablecoins + Origins and History of Money Part II - Desired Traits in a Stablecoin + Deep Dive on Various Designs Part III - Conclusion: The Best Decentralized Stablecoin Design Part I Thirteen years ago, Satoshi Nakamoto kickstarted what is arguably the most notable attempt at creating a censorship resistant, decentralized monetary network (preceded by DigiCash, BitGold, B-money). While Bitcoin, the poster boy of cryptocurrencies, has attracted trillions of dollars of inflow into the system and remains the ideological benchmark for an independent monetary system, it continues to experience significant bouts of price volatility rendering it unlikely to ever offer that which is fundamental to any currency or money - stability. It’s deterministic and capped supply causes it to resemble gold more closely than it does money.
Great article, although I'm surprised you didn't cover Origin Dollar (OUSD). It's the first yield-bearing stablecoin that grows in your wallet. It's backed 100% by other stables, audited by Trail of Bits and OpenZeppelin, and gives you access to the best returns in DeFi w/o the typical hassles of staking, then harvesting, then swapping, then restaking, over and over again.
Here are the links for those who want to learn more:
Great writing, never seen anyone else put so much thought into stable coin. OSD-One Stable Dollar from 1kx.exchange has most traits of an ideal stable coin listed in your article. Here are some details of it: https://1kx.gitbook.io/1kx/features/osd
Great article, although I'm surprised you didn't cover Origin Dollar (OUSD). It's the first yield-bearing stablecoin that grows in your wallet. It's backed 100% by other stables, audited by Trail of Bits and OpenZeppelin, and gives you access to the best returns in DeFi w/o the typical hassles of staking, then harvesting, then swapping, then restaking, over and over again.
Here are the links for those who want to learn more:
https://ousd.com
https://docs.ousd.com
you forgot to mention angle but fantastic work
Great writing, never seen anyone else put so much thought into stable coin. OSD-One Stable Dollar from 1kx.exchange has most traits of an ideal stable coin listed in your article. Here are some details of it: https://1kx.gitbook.io/1kx/features/osd