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Knowledge Protocol. Daily curated links from the space of blockchain, bitcoin, tokens, cryptocurrencies and protocols. No news, no bullshit, deep knowledge only.

Stablecoins

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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

"A stablecoin, as its name suggests, is a cryptocurrency that is built to retain a stable value. Typically, each coin is pegged one-to-one to a national currency, most notably, the U.S. dollar or the euro. By mediating between the cryptographic controls of cryptocurrencies and the volatility that mars their monetary functionality, stablecoins are the answer to those critics who cry out against crypto’s mantra as digital cash."

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Stablecoin — “bad” idea, “good” investment

"In this article, I am not going to repeat much about the stablecoin 101. Instead, I will primarily focus on analyzing the non-collateralized/growth-backed type stablecoins using Basis Protocol as an example."

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Stablecoins: designing a price-stable cryptocurrency

"Stablecoins are price-stable cryptocurrencies, meaning the market price of a stablecoin is pegged to another stable asset, like the US dollar."

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On The (in)Stability of Stablecoins

A “stablecoin” is an attempt to create a synthetic asset that is “more stable” than its underlying constituents. In this article we prove that the only workable stablecoins are those that are composed of a simple (weighted) average of assets, more commonly called a “basket” or simply, “diversification of your portfolio”.'

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Stable Coins: The Next Wave of Adoption?

"Can stable coins make good on their promise of price stability necessary for mass adoption and everyday use?"

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Reserve’s Analysis of the MakerDAO Protocol

The lengthy (40 min) analysis of the MarkerDAO Protocol.

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Whose stability?

This article offers a unique view on stability and analyses it in the context of each money function.

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“Stablecoins” are trending, but they may ignore basic economics

The article explains the three models of stablecoins: back up the tokens with cash in a bank account, back up the tokens with other cryptocurrencies, create an “algorithmic central bank.

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Stablecoins are doomed to fail, Pt. III: SAGA

The piece against stablecoins - part III.

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Stablecoins are doomed to fail, Part II: MakerDAO’s “DAI” stablecoin is breaking, as predicted

The piece against stablecoins - part II.

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Stablecoins are doomed to fail

The piece against stablecoins - part I.

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Introducing Basis, a Stable Cryptocurrency with an Algorithmic Central Bank

The introduction to the Basis coin explains why stability is important.

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