Algorithmic Stablecoins

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Shell Protocol Jumps into ‘Concentrated Liquidity’ Just Like Uniswap and Curve

When decentralized exchanges started to take off in 2019, the designs were very simple, but simplicity in these marketplaces might soon be a distant memory. The most successful category of decentralized exchanges are the automated market makers (AMMs), such as Uniswap and Curve. The Cowri Labs team, builders of the Shell Protocol, a small AMM …

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Visa Sketches a Global Network of Central Bank Digital Currencies With Itself at the Center

You may never be able to send a message from Telegram to a friend on WhatsApp, but you might be able to send dollars from a digital wallet issued by the U.S. Treasury to a wallet from the People’s Bank of China, only the recipient will receive the payment in yuan. That’s the vision that …

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Gensler Vows Action Against DeFi Platforms That Operate ‘Outside the Perimeter’

All cryptocurrencies will be regulated. Or else. That was the clear and unambiguous message Gary Gensler, the chair of the U.S. Securities and Exchange Commission, delivered Tuesday in a livestream with The Washington Post.  Gensler said there’s no question in his mind that digital tokens fit the definition of securities and are subject to federal registration …

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The return to Terra LUNA Summer 2021 UPDATE

The Return to Terra (LUNA), Summer 2021 Update

It’s hard to believe that this channel is barely a year old and here we are with 227 videos uploaded and a ton of data to work with. We’ve covered so many different topics and NFTs are clearly a favourite but of all the L1s we’ve looked at there’s one in particular that just floats …

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Defiant Degens: How to Earn Up to 16.5% Interest with Stablecoins on Orion Saver

This is a weekly tutorial on the most compelling opportunities in yield farming, written by our friend DeFi Dad, an advisor to The Defiant and Head of Marketing and Portfolio Support at Fourth Revolution Capital.  Disclaimer: All opinions expressed by DeFi Dad are solely his own opinion and do not reflect the opinion of 4RC …

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C.R.E.A.M. is Bringing Tether’s Euro-Pegged Stablecoin to DeFi

The competition to bring euro stablecoins to DeFi is heating up.  Lending protocol C.R.E.A.M. Finance said it will make EURt, Tether’s euro-pegged stablecoin, available in its money markets to borrow and lend. At $62.28B according to its transparency page, Tether issues the largest supply of dollar-pegged stablecoins, USDT, and is looking to reproduce its success …

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ironape

Iron Finance at it Again: V2 has Drawn in Over $1B With Eye-Popping Yield Farms

Less than a month after the spectacular implosion of Iron Finance’s algorithmic stablecoin, the DeFi project has relaunched a new yield farm on Polygon. Iron Finance’s IronSwap is an automated market maker (AMM) for stablecoin swaps. It aims to facilitate high-volume, low-slippage trades with low fees. For now, there’s no algorithmic insanity to deal with, …

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Federal Reserve Bigwig Defends Stablecoins as Alternative to Digital Dollars

There’s nothing to be afraid of with stablecoins. That’s the main message Randal Quarles, the vice chair for supervision at the Federal Reserve and a member of its board, delivered on June 28, surprising a DeFi community that’s become inured to getting dissed by the financial establishment. Quarles believes private-sector stablecoins are a worthy alternative to …

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safedollar

SafeDollar Stablecoin Plummets to Zero After Exploit

The value of SafeDollar (SDO), an algorithmic stablecoin intended to be pegged to $1, has dropped to zero after a $248K exploit on Polygon. In a post-mortem analysis published on June 28, SafeDollar reported it had lost $202K of USDC and $46K of USDT as a result of an attack on one of its pools …

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DeFi Can’t Kill Value- Extracting Robots But Can Learn to Manage Them

The explosion of activity in DeFi markets over the last year highlighted both possibilities and problems inherent to blockchain systems, including the phenomenon of miner—or maximal—extractable value (MEV). Since January of this year, MEV amounts to at least USD $370 million, though some sources say the real value is likely higher.  For the technically inclined, …

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Malt Leaves Investors Hungover as Algo Stable Depegs on Day 2

Who doesn’t love a money printer? Algo Season 2.0 is here.  Last Friday, Malt Protocol launched the latest entry in the algorithmic stablecoin market. This summer, investors have flocked to this corner of the DeFi space to ride out the selloff in the larger crypto universe. Polygon is currently the favored choice of yield farmers …

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Algorithmic Stablecoins Breakdown: Attempting to Fulfill Satoshi’s Dream

When Satoshi first published the Bitcoin whitepaper to the world, he titled it “Bitcoin: A Peer-to-Peer Cash System” and although Bitcoin would evolve to adopt the digital gold narrative instead, the dream of creating a fully functional digital cash system has remained. Stablecoins, defined as a subset of cryptocurrencies that are pegged to a specific …

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