Discover and read the best of Twitter Threads about #stablecoinwar
Most recents (3)
UST failed. Many wondered if that’s the end of algorithmic stablecoins.
@fraxfinance wants to prove them wrong.
Learn how Frax is an innovative alchemy mixer, risk assessment and alphas.
This is part 6 of #stablecoinwar. Let’s dive in. 🧵 1/n
@fraxfinance wants to prove them wrong.
Learn how Frax is an innovative alchemy mixer, risk assessment and alphas.
This is part 6 of #stablecoinwar. Let’s dive in. 🧵 1/n
@fraxfinance A/ How FRAX works
In part 1 of our #stablecoinwar series, the crypto world gave you a quest to create the ultimate stablecoin.
You succeeded in creating 3 types of stablecoins- fiat-backed, crypto-backed and algorithmic. You've also learnt about the 3C framework- 2/n
In part 1 of our #stablecoinwar series, the crypto world gave you a quest to create the ultimate stablecoin.
You succeeded in creating 3 types of stablecoins- fiat-backed, crypto-backed and algorithmic. You've also learnt about the 3C framework- 2/n
@fraxfinance Each type of stablecoin trades off some aspect of collateral, capital efficiency and centralisation.
Now it's 2022, and the crypto world has another quest for you. 3/n
Now it's 2022, and the crypto world has another quest for you. 3/n
The largest decentralised stablecoin. The OG dapp on @ethereum.
@MakerDAO and DAI are one of the most successful #DeFi stories, but how do they work?
Understand Maker Protocol, assess DAI risk & alphas for you.
This is part 4 of #stablecoinwar series. Let's dive in. 🧵 1/n
@MakerDAO and DAI are one of the most successful #DeFi stories, but how do they work?
Understand Maker Protocol, assess DAI risk & alphas for you.
This is part 4 of #stablecoinwar series. Let's dive in. 🧵 1/n
@ethereum @MakerDAO A/ Mechanics of @MakerDAO
A quick refresher on types of #stablecoins- there are
1) fiat-backed
2) crypto-backed
3) algorithmic
DAI is a crypto-backed stablecoin, which means that all of its assets live on the blockchain! How do we make that happen? 2/n
A quick refresher on types of #stablecoins- there are
1) fiat-backed
2) crypto-backed
3) algorithmic
DAI is a crypto-backed stablecoin, which means that all of its assets live on the blockchain! How do we make that happen? 2/n
USDC- safe alternative to USDT. Most people think so.
Wait, there's more. I believe #USDC is the McDonald's of #stablecoins.
My thesis on why USDC is a sleeping giant, risk assessment, and possible alphas.
This is part 3 of the #stablecoinwar series. Let's dive in. 🧶 1/n
Wait, there's more. I believe #USDC is the McDonald's of #stablecoins.
My thesis on why USDC is a sleeping giant, risk assessment, and possible alphas.
This is part 3 of the #stablecoinwar series. Let's dive in. 🧶 1/n
I'm going to get to what I mean by McDonald's of stablecoins. Ngl, I was blown away while reading @centre_io's whitepaper.
So let us run through how #USDC works, and I'll tell you about Centre's audacious vision. 2/n
So let us run through how #USDC works, and I'll tell you about Centre's audacious vision. 2/n
@centre_io Similar to #USDT, USDC is a fiat-backed stablecoin. I've gone through the 3C framework and USDT in previous threads, so I won't go into detail here. (No worries, I'll link them at the end of this thread.)
Remember how USDT is backed by a confusing list of financial assets? 3/n
Remember how USDT is backed by a confusing list of financial assets? 3/n
