Re:Two thought experiments to evaluate automated stablecoins
by jjitz on Thursday May 26, 2022 @03:30PM
(#31522430)
You can do other things with the stablecoin. You own the upside and downside of the collateral, and you also own the downside of the collateral, and the upside of whatever you bought with the collateral.
Stablecoins are not meant to be an investment; they're for leverage. I agree it is probably a terrible idea to borrow a bunch of stablecoins and then just sit on them.
Stablecoins are not meant to be an investment; they're for leverage. I agree it is probably a terrible idea to borrow a bunch of stablecoins and then just sit on them.