Robert M.C. Forster
1.1K posts

Robert M.C. Forster
@RobertMCForster
Co-founder, @EaseDeFi. Founder, @GoatTradingDex. Building novel ideas, bounty hunting, assessing risk, re-inventing insurance, keeping users safe.



See thread below. It’s not a “discounted reciprocal tariff rate”. It’s a country’s US trade surplus divided by their US exports. These clowns make Pete Hegseth look like Albert fucking Einstein. It’s a complete fucking joke except the joke is on us.

@muselaunch Name: Open Source Dollar Governance Symbol: $OSDG Dreamer: 0xc93356BdeaF3cea6284a6cC747fa52dD04Afb2a8 Description: A stablecoin protocol that funds blockchain innovation rather than governments and banks. It pegs to CPI and implements programmatic inflation of 2% where $OSD is minted to fund public goods through @gitcoin. Inflation is necessary for a flourishing economy and economic activity crypto creates should benefit our ecosystem rather than Fiat ecosystems. Specifications: - Liquity V1 fork. - No borrowing fee floor or interest to encourage use of the protocol (redemption fee floor and algorithmic increases stay). - No governance token emissions for stability pool providers. - Lower LTV with more lost funds to liquidation (extra incentive for stability pool providers and allows for more price fluctuation since the stability pool will likely mostly have short-term stakers without token emissions). - Option for governance token holders to profit from part of liquidations. - Oracle contract that uses chainlink’s CPI feed and has a 2% inflation rate programmed in. After 1 year, price will be ~CPI - 2% and ~2% more tokens will have been created. - With the change of the peg price, tokens are also then dripped into a wallet to be donated to Gitcoin programs. - This may need to be done through a trusted multisig where tokens are minted, exchanged, and donated. - Direct Liquity V1 frontend should work fine. Longterm Potential: The initial protocol will already have most functionality, but functions such as the DAO voting on adjusting inflation rate or fees they take can be added. V1 is an initial MVP and V2 should be programmed from scratch according to what we determine the system needs. That would likely include more tailored liquidation mechanisms and the ability to stake more assets than just Eth. Token Utility: Governance token that can share in fees from the protocol and has control over adjustments to it such as fees.

@muselaunch Name: Ubiquity Symbol: $UBQTY Dreamer: 0xFa760444A229e78A50Ca9b3779f4ce4CcE10E170 Description: A Liquity fork that starts at $1 USD and adjusts based on changes in the top 7 currencies, weighted by their dominance in forex reserves (e.g. EUR is ~20% of forex reserves, so a 10% increase in EUR:USD price leads to a 2% increase in UBIQ:USD price). The goal of Ubiquity is to create a fiat stablecoin that does not rely on a single currency, further stabilizing the stablecoin while ensuring it maintains the economic benefits of fiat. Specifications: 1. Oracle contract that adjusts price through Chainlink based on fluctuations of USD, EUR, CNY, JPY, GBP, AUD, CAD, and CHF. Adjustment is weighted based on IMF COFER data of how much of the currency is held in reserves. It starts at a certain dollar amount then adjusts price based on changes of currency prices compared to USD. 2. Rebalancing of the weighting quarterly either through centralized means or voting with the $UBQTY token. Ideally a Chainlink feed can be created for COFER in the future. 3. Fairly direct Liquity clone with only the oracles changed. May need a wrapper for the $UBQTY token to act the same as $LQTY. 4. Full Liquity frontend. Longterm Potential: Further decentralization and less reliance on Chainlink. In the future it could evolve into a variation with fully collateralized backing in each of the currencies. Token Utility: Profit from fees in the system like $LQTY does


