

Bonzo
3.9K posts

@TheeBonzo
Self-Sovereign Mindset | Early Ergonaut | Fierce Advocate of Decentralization and Open-Source Code …otherwise, what are we doing here?










Vitalik Buterin said algorithmic stablecoins should be viewed as true DeFi. A well-designed ETH-collateralized algorithmic stablecoin can shift USD counterparty risk to market makers, even if 99% of its liquidity comes from CDP holders. He added that RWA-backed models can also work if they are overcollateralized and highly diversified. Vitalik argued that development should prioritize ETH-collateralized designs, followed by diversified RWA models, and gradually move beyond a pure USD unit of account toward broader indices. x.com/VitalikButerin…








The launch event has ended. A total of 135 community members contributed a staggering 395,598.06 ERG to bootstrap liquidity for our new algorithmic stablecoin We are now entering a 72-hour deployment phase, during which we will continue deploying contracts, minting tokens, and calculating airdrops. Stay tuned for further announcements

