Haha, I was just about to ask about impermanent loss until I got to the last paragraph. Looking forward to that. I'm not fully tuned to the maths, but my best guess is making LP leverage levels dynamic.
Questions:
1. What is the best stablecoin (in terms of robustness to censorship and also robustness to market volatility) that is currently out there, in your opinion? Why?
2. I suppose one issue with the above stablecoins is fungibility. There is USD1, USD2, USD3 etc. If liquidity is unified (kind of like the ill-fated Bancor) then that prevents specialisation... Is there a way to get around this?
3. How big do you think the decentralised stablecoin market can be as a fraction of the total stablecoin market (including fiat backed stablecoins). Why?
Haha, I was just about to ask about impermanent loss until I got to the last paragraph. Looking forward to that. I'm not fully tuned to the maths, but my best guess is making LP leverage levels dynamic.
Questions:
1. What is the best stablecoin (in terms of robustness to censorship and also robustness to market volatility) that is currently out there, in your opinion? Why?
2. I suppose one issue with the above stablecoins is fungibility. There is USD1, USD2, USD3 etc. If liquidity is unified (kind of like the ill-fated Bancor) then that prevents specialisation... Is there a way to get around this?
3. How big do you think the decentralised stablecoin market can be as a fraction of the total stablecoin market (including fiat backed stablecoins). Why?