Comparison of various types of stablecoins \ stacker news

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Comparison of various types of stablecoins

81 sats \ 4 comments \ @cryptocoin 2 Jan 2023 bitcoin

https://i.postimg.cc/vZxRTfkL/image.jpg

Source: https://twitter.com/p2pfiat/status/1609514586444537861 [Nitter]

Methods:

Balance sheet backed stablecoins (Tether/USDt, USDC, BUSD)
Token-based (e.g., Maker DAI, Angle)
Sidechain-based (e.g., Sovryn Zero, Fuji)
Perpetual swaps against CEX (e.g., Galoy, Kollider, Tao)
Decentralized P2P swaps (e.g., P2P Fiat)

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35 sats \ 1 reply \ @NorthKoreanHostage 2 Jan 2023

I'm equally as interested in a comparison of different types of diarrhea.

If it's not Bitcoin, it's a shitcoin.

11 sats \ 0 replies \ @cryptocoin OP 2 Jan 2023

You asked.

The types of diarrhea include:
Acute diarrhea: The most common, acute diarrhea is loose watery diarrhea that lasts one to two days. This type doesn’t need treatment and it usually goes away after a few days.
Persistent diarrhea: This type of diarrhea generally persists for several weeks – two to four weeks
Chronic diarrhea: Diarrhea that lasts for more than four weeks or comes and goes regularly over a long period of time is called chronic diarrhea.

25 sats \ 0 replies \ @om 2 Jan 2023

This is a very strange table. Why is Fuji transaction cost very high? Why transaction fees are high "on most chains" - what are those chains apart from BTC and L1 ETH?

There's no difference between "token based method" and "sidechain based method". Those are just overcollateralized with preexisting (i. e. not like Luna) assets.

Another option is a fully algorithmic token (Terra-like). Stay away.

Another option is an undercollateralized token, in other words, a hybrid of DAI and Terra: FRAX.

Another option is to let go of the peg entirely while trying to do maintain something resembling stability anyway: RAI.

25 sats \ 0 replies \ @ama 2 Jan 2023

Dollar on Chain (DOC) by Money on Chain colateralized by RBTC, which is pegged 1:1 to BTC over the Bitcoin sidechain RSK.

The BTC volatility extracted when issuing DoC goes to BPRO, which retains a small leveraged position on BTC and transfers, for a small fee, the majority of that volatility to BTCx, a higher leveraged (around 2x) position on BTC.