Sperax_Susu

@chasedevens @sperax_io @MaltProtocol @IronFinance @feiprotocol @fraxfinance @iearnfinance The interest will be airdriopped to users wallets so the USDs itself is still an medium of exchange

@Susu9718 @sperax_io @MaltProtocol @IronFinance @feiprotocol @fraxfinance @iearnfinance If it’s an interest bearing stablecoin, wouldn’t that make it a poor unit of account for payments? If you’re paying for a good/service with $1 plus future interest, that seems like your real cost is more than the sticker price.

@sperax_io @MaltProtocol @IronFinance @feiprotocol @fraxfinance 6/6 Arbitrage and Price Stabilization FRAX: executes it via arbitrage algorithm with buyback and AMO USDs: doesn't execute the arbitrage. Sperax leaves it to the market participants to call it. USDs also incorporates a dynamically adjusted swap fee to guarantee solvency.

@sperax_io @MaltProtocol @IronFinance @feiprotocol @fraxfinance 5/6 Collateral Ratio Stabilization FRAX: Through buyback, re-collateralization and AMO function USDs: If undercollateralized, Sperax changes the ratio of return (collateral ratio) when USDs is burned. If overcollateralized, Sperax still deploys users’ collateral and gives back

@sperax_io @MaltProtocol @IronFinance @feiprotocol @fraxfinance 4/6 USDs is More Innovative than another hybrid stablecoin @FRAX 1 Collateral Type FRAX: USDC as crypto collateral and FXS the algorithmic component. USDs: a basket of crypto collaterals (USDC, USDT, ETH, WBTC, and UST) and SPA (Sperax governance token) at genesis.

@sperax_io @MaltProtocol @IronFinance @feiprotocol @fraxfinance 2/6 Think of USDs as a combination of DAI and Terra. The dynamic adjustment of collateral ratio makes USDs more like Terra under favorable market conditions and more like DAI under unfavorable market conditions.

@sperax_io @MaltProtocol @IronFinance @feiprotocol @fraxfinance 1/6 All existing stablecoins are flawed. Fiat (USDT, USDC) are severely centralized; Algo (AMPL, FEI) are volatile; Crypto (DAI, sUSD) are overly collateralized & capital inefficient. Hence, to create a truly functional stablecoin, Sperax invented USDs, a hybrid stablecoin.

cute

6/6 Arbitrage and Price Stabilization FRAX: executes it via arbitrage algorithm with buyback and AMO USDs: doesn't execute the arbitrage. Sperax leaves it to the market participants to call it. USDs also incorporates a dynamically adjusted swap fee to guarantee solvency.

5/6 Collateral Ratio Stabilization FRAX: Through buyback, re-collateralization and AMO function USDs: If undercollateralized, Sperax changes the ratio of return (collateral ratio) when USDs is burned. If overcollateralized, Sperax still deploys users’ collateral and gives back

1/6 All existing stablecoins are flawed. Fiat (USDT, USDC) are severely centralized; Algo (AMPL, FEI) are volatile; Crypto (DAI, sUSD) are overly collateralized & capital inefficient. Hence, to create a truly functional stablecoin, Sperax invented USDs, a hybrid stablecoin.

4) if USDs trades below the peg, collateral ratio will increase, which will make the stablecoin much more tightly collateralized

3) USDs collateral ratio starts at 95%, higher than IRON, so the worst-case scenario is for the peg to break by only 5 cents.

Massive dumping with #IRON! @IronFinance Since early birds mint the #stablecoins with discounted $TITAN tokens, they arbitrage through the difference between minting cost and selling price. To mitigate this #USDs incorporates key safety mechanism:

Once confidence in the project fell, limited circulating tokens, combined with a decreased value per token, resulted in the protocol becoming insolvent. To mitigate this #USDs incorporates key safety mechanism:

Arbitrage is the key element to maintain the peg in a healthy market. #USDs will be robust enough to avoid any irregular activity