Founder @AmpleforthOrg | CEO Fragments | likes drawing | https://t.co/msjg8CmNkr | advisor @buttondefi | SPOT store of value | https://t.co/6TueFS6qWX
Dec 8, 2022 • 4 tweets • 2 min read
For those of you who are starting to dive into SPOT, you'll quickly start learning about tranching.
@mrinconcruz and the @ButtonDeFi team have developed a super clean building block here that we use as part of SPOT's system, and I hope to see it used throughout the space.
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Tranching allows you to separate the risk of an underlying asset into two or more derivatives (like separating debt from equity).
What's powerful about this is as a building block is these derivatives can serve different purposes.
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Dec 8, 2022 • 10 tweets • 2 min read
Today we will be launching SPOT, an inflation-resistant stable asset designed to operate under all market conditions that can safely wind down to zero users without bailouts.
SPOT reflects our work on stablecoin designs over the past 4 years 😅
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From the outset we wanted to create something durable and purposeful. For this reason, the table stakes were always that "it can't target a fiat currency and it can't be destined to break by economic design," thereafter the more stable it is the better.
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