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but what if you fully collateralize using uncorrelated assets? Theoretically you can purchase synthetic stocks, tokenized real estate, other stablecoins. No on
by TrapLord_Rhodo 4y ago
but what if you fully collateralize using uncorrelated assets?
Theoretically you can purchase synthetic stocks, tokenized real estate, other stablecoins. No one has tried it yet tho.
- arcticbull 4y agoSince all of those went down together just now, I think that might not be enough.
- TrapLord_Rhodo 4y agowell you only get a depeg with huge volitilty. Luna dropped 97%, that's why it depeged. Synethic SnP, real estate is like 10% max which isn't high enough volitilty to lead to what esseentially was a bankrun on UST. The problem is getting people to trust the underlying collateral. Also, you can take the Dai approach and be over collateralized. Dai is at 150%, instead of trying to maintain parity.