Algorithmic Stablecoins in theory:. Magic Internet Money. Algorithmic Stablecoins in reality:.
30 Dec 2022, 14:37
Algorithmic Stablecoins in theory:
💸 Magic Internet Money
Algorithmic Stablecoins in reality:
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5. Algorithmic stablecoins don't work.
To date, we haven’t seen this model succeed for any substantial amount of time. So far, every attempt has failed.
UST, Bean, Waves (USDN), USN just to name a few.
Fully understand a stablecoin’s design before putting a cent in.