Why did DAI stop using only ETH as collateral? Why is BOLD by LQTY not as successful as USDT AND USDC? Is it just a distribution thing? A massive driver to $ETH being an SOV would be to make it back money that can be used IRL AKA an overcollateralized ETH-backed stable. Ignas @DefiIgnas Nov 6 Terra's UST collapse ended up affecting innovation in decentralized stablecoins. We need decentralized stablecoins more than ever. I even believe that Ethereum Foundation or adjacent institution should launch one (or acquire Liquity) Backed by $ETH alone - no other LST or Quote binji @binji_x Nov 6 Agree that ETH is a store of value that can support and back the creation of money, but it is not money yet. Overcollateralized ETH stables can help create tokenized dollar-pegged assets that are less volatile than SOVs are. Check out what @LiquityProtocol does for example.
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$ETH. Which KOLs mentioned it, and when.
5 KOLs in stored posts. A cashtag mention is not a recommendation, and nothing here is financial advice.
Josh Rudolf | Ethlabs@joshrudolf · 16h
shoutout core devs for making this possible Ethereum governance isn't perfect ofc but is still one of the most amazing parts of Ethereum and what gives any value to $ETH in the first place Barnabé Monnot | barnabé.eth @barnabemonnot 17h $ETH will be a post-quantum store of value btw
Barnabé Monnot | barnabé.eth@barnabemonnot · 18h
$ETH will be a post-quantum store of value btw
19 replies·30 reposts·265 likes·11.2K views
Terra's UST collapse ended up affecting innovation in decentralized stablecoins. We need decentralized stablecoins more than ever. I even believe that Ethereum Foundation or adjacent institution should launch one (or acquire Liquity) Backed by $ETH alone - no other LST or binji @binji_x Nov 6 Agree that ETH is a store of value that can support and back the creation of money, but it is not money yet. Overcollateralized ETH stables can help create tokenized dollar-pegged assets that are less volatile than SOVs are. Check out what @LiquityProtocol does for example.
Imagine spending money you do not have, that is what happened here. Fortunately, we have something helpful. Unfortunately, it is not infinite money. Today, when you send money through a bridge, it sees your deposit on one chain and releases money on another. But a deposit Cointelegraph @Cointelegraph Nov 2 🚨 NEW: THORChain halts 10 blockchains after an Ethereum block reorg caused a 10 $ETH payout from a vault that never got the deposit, though the user has since returned the funds.