Algorithmic Stablecoins Archives - The Defiant
IntoTheBlock: Stablecoin Yields Reveal the Inner Workings of DeFi
Stablecoin Yields Mirror Speculative and Deleveraging Cycles
U.K. Government Takes Step on Making Stablecoins a Form of Payment
U.K. Chancellor Introduces Bill To Govern Pegged Tokens
3AC Liquidation, Celsius Layoffs, Voyager Freezes but BlockFi Strikes a Deal
Is it over? Is this the future? Sadly, the answer, is no. The catastrophic fallout of the UST collapse continues as Voyager, Celsius, BlockFi, 3AC and SBF dominated headlines once again last week. All the latest from this opera of rektitude.
TVL in DeFi Fails to Keep Pace with Rebounding Ether
Key Metric May Signal Fading Confidence in Sector
Uh-oh! Tron’s Stablecoin USDD Slips its Peg as TRX Tumbles
More Trouble is Brewing in Stablecoin Market
Do Kwon’s Folly – Dai Was Never Going to Die. Here’s Why
“Dai is a stablecoin implemented as an ERC20 token on the Ethereum blockchain. Designed to maintain 1:1 parity with the US Dollar its value is backed by collateral which is locked up in a smart contract, the Maker collateral vault.”
Crypto Lender Celsius Partly Responsible for Terra Collapse, Says Nansen
Using on-chain data, Nansen traced seven power users who may have triggered the depeg when they rushed to sell huge amounts of UST on Curve.
Ethereum Founder Vitalik Buterin Defends Algo-Stables
Ethereum inventor Vitalik Buterin said that algorithmic stablecoins should be scrutinized according to how they fare under extreme market conditions, and whether they can safely wind down when hype falls away. Despite the recent collapse of UST and LUNA, which knocked UST from its $1 peg and wiped billions from the market, Buterin argued in …
Fantom’s SCREAM Falls 50% After Algorithmic Stablecoins Cause Bad Debt
Traders have taken advantage of the Fantom-based lending protocol having hard-coded fUSD and DEI at $1 despite the tokens trading below their pegs.
Do Kwon Wants to Save Terra by Creating a New Chain With 1B of Tokens for LUNA and UST Holders
The Terra ecosystem’s notorious leader is trying to salvage the resources and talent left behind in the wreckage that is UST’s depegging.
Algorithmic Stablecoin Landscape Suffers Tremors After Terra Crash
Terra’s UST collapse has shattered the foundations of the algorithmic stablecoin market.