Should take a look at Kujira as part of Cosmos ecosystem. Was a surviving protocol of the Terra collapse. The Kuji team ships rapidly. Have rebuilt a liquidation engine and AMM, and also released $USK stablecoin. USK has a soft dollar peg, and similar to Maker but with Atom as collateral(and others coming soon), so similar to what is mentioned in this article. Kuji is also non-inflationary and paying a real yield based on fees. https://medium.com/team-kujira/kujira-usk-stablecoin-launch-kickstarting-grown-up-defi-26b4372d7aef
I'm so sorry if I missed the mark here and this is a dumb question... but there are already so many cryptocurrencies in existence that can function as fungible & private cash transactions (Monero, for example) that have known issuance, why would introducing a brand new un-pegged crypto with algo-controlled issuance achieve better network effect? You guys are so smart that there's 100% chance that I'm just not getting it, but it does remain unclear to me.
Should take a look at Kujira as part of Cosmos ecosystem. Was a surviving protocol of the Terra collapse. The Kuji team ships rapidly. Have rebuilt a liquidation engine and AMM, and also released $USK stablecoin. USK has a soft dollar peg, and similar to Maker but with Atom as collateral(and others coming soon), so similar to what is mentioned in this article. Kuji is also non-inflationary and paying a real yield based on fees. https://medium.com/team-kujira/kujira-usk-stablecoin-launch-kickstarting-grown-up-defi-26b4372d7aef
I'm so sorry if I missed the mark here and this is a dumb question... but there are already so many cryptocurrencies in existence that can function as fungible & private cash transactions (Monero, for example) that have known issuance, why would introducing a brand new un-pegged crypto with algo-controlled issuance achieve better network effect? You guys are so smart that there's 100% chance that I'm just not getting it, but it does remain unclear to me.
Hi Ben,
the requirements for an unpegged stablcoin, sound like OHM. Don´t they ?