On why seignorage coins fail: If a holder sells their coin (for whatever reason), wouldn't all component coins lose value? If I sell basis cash for another token, it loses value, and so do the shares, and so do the bonds. The bonds will pay off only if others buy back into basis. But if a coin is losing, why would I continue investing via the bonds? It seems like there is a strong supply mechanism to stem price increasing above 1, but the mechanism to support prices below 1 is weak.
It does sound like the below-parity side is based on hope, given that the coin has no fundamentals except the community or forecasts of future investor recruitment.
It's a collateralized coin. Other types of stablecoins are liabilities against the issuer whereas DAI is an asset to the issuer that investors borrow. We borrow them with the promise of returning them and we lock up our crypto assets as collateral.
What a great video! As usual, a simple explanation for a very complex topic. Congrats! Whenever you have the chance, please make a video about Terra Luna, UST and Anchor, I think they have a great and stable ecosystem. Thanks for the great work! you´re an inspiration!
I always enjoyed your video. But everytime you suggest to watch other video to get more basic info of something, I always wish you put that as a link so I can click it and open right away
Great analysis, thank you! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). How can I transfer them to Binance?
make a video on the dark crypto ecosystem! algorithmic coin pegged to CRO, paid out in seignorage to sky(share) holder. 346 8hr epochs with no contraction! and darkness is their algo stable coin pegged to usd via darkness dollar
The video is useful, thank you! Guys, take my shout OUT for you to make a video about HEX and QNT🙏🙏 :) pleeease. They seems great projects and both show awesome results!
Frax which iron as based on still is pegged. Luna which also uses seignorage is still pegged. Tomb which uses the basis cash system is still pegged, though I think there are better projects that use the basis system.
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