How do you engineer a Stablecoin?
Đây là lựa chọn của chúng tôi về 3 các tin bài về Stablecoin quan trọng nhất trong tuần.
First from the crazy and wild world of DeFi we got some lessons on how not to do it. The most important data point is this: Fei was built to maintain a 1:1 peg with the U.S. dollar but it has not quite hit the mark over this first week of its existence.
Backed by major VCs, Fei aimed to create a stablecoin protocol that would outright buy assets with its token, rather than holding them as collateral for loans.
The White Paper described a system of incentives. “This paper proposes a new stability mechanism called direct incentives. A direct incentive stablecoin is one in which both the trading activity and usage of the stablecoin are incentivized, where rewards and penalties drive the price towards the peg.”
It appears the team underestimated the demand (it raised over 1 Billion USD) it would see to participate in the launch. It also seems clear that many of those who jumped into the project didn’t understand Fei’s “direct incentive” method for stabilizing the price.
Fei was designed to meet the perceived drawbacks of other leading stablecoins. MakerDAO’s DAI is over-collateralized, and requires thousands of users to manage individual vaults of their collateral. USDC and USDT are centralized and censorable. Purely algorithmic stablecoins, such as basis cash, are very strange.
$1B Fei Stablecoin’s Rocky Start Is a Wake-Up Call for DeFi Investors
Trong khi đó, The Bank of Russia has presented a target model for its proposed digital ruble: That closely matches the existing two-tier retail model that assumes that the Russian central bank is both the issuer of digital rubles and the operator of the digital ruble platform. At the same time, financial institutions open electronic wallets for their clients and perform operations over these wallets on the digital ruble platform.
Households and businesses will be able to access their digital rubles through any bank where they are serviced.
Bank of Russia presents Digital Ruble Concept | Bank of Russia
Whilst Russia and most other Central Banks are still in the design phase, China and its Central Bank (PBoC) are perhaps following the lead of the cool kids in DeFi land and experimenting in real time with air drops and expiry dates. That’s right you get free money as manna from heaven but you have to spend it within the allotted time or it just disappears before your eyes.
Central Bank Digital Currencies and Airdrops
In summary, we are still seeing a lot of experimentation and design work, both on paper by many Western Central Banks including Russia, or with an actual CBDC in the field as in China, and then finally with spectacular busts and bursts of investment in DeFi.
Kể từ khi bắt đầu
Alan Scott là một chuyên gia trong thị trường FX và đã làm việc trong lĩnh vực stablecoin trong nhiều năm.
Chúng tôi tự giới hạn 3 câu chuyện tin tức mỗi tuần vì chúng tôi phục vụ các nhà lãnh đạo cấp cao bận rộn của Fintech, những người chỉ muốn thông tin ngắn gọn và quan trọng.
Đối với bối cảnh trên stablecoin, vui lòng đọc bài phỏng vấn giới thiệu này với Alan Làm thế nào stablecoin sẽ thay đổi thế giới của chúng tôi và đọc bài viết được gắn thẻ stablecoin trong kho lưu trữ của chúng tôi.
Kể từ khi bắt đầu
Độc giả mới có thể đọc 3 bài báo miễn phí. Đến trở thành một thành viên với toàn quyền truy cập vào tất cả những gì Daily Fintech cung cấp, chi phí chỉ là 143 đô la Mỹ một năm (= 0.39 đô la mỗi ngày hoặc 2.75 đô la mỗi tuần). Chỉ với ít hơn một tách cà phê, bạn sẽ có một tuần đầy chất caffeine cho tâm trí.
Coinsmart. Đặt cạnh Bitcoin-Börse ở Europa
Nguồn: https://dailyfintech.com/2021/04/14/stablecoin-news-for-the-week-ending-wednesday-14th-april/
