While there are several contenders of various complexity, DAI is still the state of the art AFAIK. https://makerdao.com/whitepaper/White%20Paper%20-The%20Maker

While there are several contenders of various complexity, DAI is still the state of the art AFAIK. https://makerdao.com/whitepaper/White%20Paper%20-The%20Maker%20Protocol_%20MakerDAO%E2%80%99s%20Multi-Collateral%20Dai%20(MCD)%20System-FINAL-%20021720.pdf https://makerdao.com/whitepaper/White%20Paper%20-The%20Maker... DAI is currently pegged to the USD but the long-term goal is (was?) to have an asset following a more general notion of stability according to some international index. I wasn't able to find a source or specifics for that last part but I did find this overview from 2019 that I think looks quite good. https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op230~d57946be3b.en.pdf https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op230~d57946be3...