We educate degens about stablecoins: https://t.co/XIYT52yfyY
A public good from @scio_xyz by @dennis_zoma & @mike1third
Dec 2, 2022 โข 23 tweets โข 7 min read
๐ฅ @CurveFinance launched the $crvUSD whitepaper last week ๐
The fight for liquidity and trading volume in the defi market is heating up & protocols such as Curve are pressured to constantly innovate.
$crvUSD is Curve's next big bet in the race for market share ๐
๐๐งต 2/
For months, stablecoin enthusiasts have been waiting for more info on the highly anticipated Curve stablecoin.
@newmichwill already teased in multiple interviews that the stablecoin design will rethink the liquidation mechanism and aims to improve user protection.
Yesterday, @AaveAave proposed GHO, a new stablecoin fueled by Aave's lending protocol.
Today, we take a closer look into the GHO proposal and try to explain what makes GHO special.
We will conclude with some open questions! ๐๐งต
@AaveAave Stablecoins are one of the strongest primitives in defi. New designs and approaches are actively researched and we may see the beginning of a Cambrian explosion of stablecoin models.