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Difference between revisions of "Stablecoin"
added a see more section with a useful telegram bot and a thread 0xngmi did on Twitter that I had on my compendium
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Since the peg is mainteined through arbitrage and not through backing these stablecoins are more volatile and more subject to depeg events than other types described above. | Since the peg is mainteined through arbitrage and not through backing these stablecoins are more volatile and more subject to depeg events than other types described above. | ||
Several DeFi protocols have issued their algorithmic stablecoin and many have failed (see the Iron Finance crash<ref>https://rekt.news/iron-finance-rekt/</ref> for example) and many are still used today (like UST or USDN). | Several DeFi protocols have issued their algorithmic stablecoin and many have failed (see the Iron Finance crash<ref>https://rekt.news/iron-finance-rekt/</ref> for example) and many are still used today (like UST or USDN). | ||
== See More == | |||
[https://t.me/stablecoinprinter Stablecoin Printer] is a Telegram Bot that sends alerts when top stables are printing. You can find them on twitter [https://twitter.com/usdcoinprinter @usdcoinprinter] | |||
[[0xngmi]] had a good Twitter thread on Stablecoins you can read [https://twitter.com/0xngmi/status/1458979985830531073 here] | |||
== Sources == | == Sources == | ||
<references /> | <references /> | ||