Seeing a lot of lazy criticisms about algo stablecoins recently.
It’s the easy take to have after seeing all the Ponzi games.
But if you think that’s all there is to to the sector, you’re missing out on a handful of promising projects like Terra, Frax, RAI, and Olympus DAO
1/
It’s the easy take to have after seeing all the Ponzi games.
But if you think that’s all there is to to the sector, you’re missing out on a handful of promising projects like Terra, Frax, RAI, and Olympus DAO
1/
Terra in particular, is beyond promising - its real.
Its UST stablecoin is one of if not the most widely adopted decentralized stablecoins in circulation with real world use.
Its UST stablecoin is one of if not the most widely adopted decentralized stablecoins in circulation with real world use.
We’ve had a ton of our community analysts cover these projects recently.
Terra
messari.io/article/terra-…
Terra
messari.io/article/terra-…
More important than any of the individual projects is what we’re witnessing when we zoom out.
We’re seeing hundreds of central banking experiments play out in real time.
No more theorizing about the best monetary policy anymore. We can now test it all out.
We’re seeing hundreds of central banking experiments play out in real time.
No more theorizing about the best monetary policy anymore. We can now test it all out.
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