Amid much fanfare, many algorithmic stablecoins have not been stable. Is the problem intractable, or it’s the just the algorithms that aren’t good enough? Amid the meteoric rise of decentralized finance in 2020, there was persistent interest in a class of coins popularly dubbed “algorithmic stablecoins.” Some of the more famous ones include Ampleforth (AMPL),…
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Fees are a DeFi user’s nightmare. How can you pay less? This is a repost of Finance Redefined’s latest installment, where Cointelegraph unpacks the latest developments in DeFi. The newsletter is delivered to subscribers every Wednesday. Decentralized finance was reasonably quiet in terms of major fundamental developments, instead letting prices do the talking. Many tokens…
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Dynamic Set Dollar (DSD) coupon holders with $83 million have bought out the largest bear on the project. A coalition of DSD whales has bought out the biggest bear entity on the project allegedly responsible for consistently keeping the token price below the $1 peg. Posting on the DSD discord group, the bear in question…
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An algorithmic stablecoin experiment is playing out over Christmas weekend — and real money’s on the line. While wild price action on Bitcoin and Ethereum have claimed the attention of most traders over the Christmas weekend, a select sect of crypto traders are following an experiment playing out in real-time that may have implications for…
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