I may get too invested in algo stablecoins https://medium.com/algostablecoins-asc/introducing-algo-stablecoins-asc-7905fb8a7014
$PICKLE, but for DSD/ESD/BAC/MIC. Smells a bit fishy, as the medium article doesn't dive in deep into fundamentals (the project name is very uncreative too lmao) but I'll give the benefit of doubt here
I recently had some concern over cycles and how it demands active participation from those in the project to maintain the $1 price. https://twitter.com/rokinot/status/1345124700628934656
This protocol could utilize the same principles as pickle to stabilize it's price, so in essence you deposit your tokens, they create strategies, and you're rewarded in ASC. In essence, it's a pillar trying to sustain the prices of algo coins
I just hope there won't be another exploit like the DAI pVault
If you don't know how it works, here's a good thread on $PICKLE mechanisms, I'm assuming this project will do something similar. As always, DYOR https://twitter.com/AutismCapital/status/1309886408832593920
If you don't know how it works, here's a good thread on $PICKLE mechanisms, I'm assuming this project will do something similar. As always, DYOR https://twitter.com/AutismCapital/status/1309886408832593920