or one thing, a lot of its collateral is USDC (used to be the majority, but less than that now)

new to me, the last time I looked into it was 20 months or something ago.

If thats the case, It would suck. But collateral coins are IMO better.

And yes if social tokens would be used for collateral, ponzi is in.

But with liquidation and "go to zero" and not hurt underlining asset.

Maybe with pool mechanics + pool lock up something new is possible.

Like lock up assets in pool for trading ( earns trading fees to pay back the loan in cleated stablecoin, by entering the pool).

So no moving access to asset. Sure with liquidation and all that.

Problem would be manipulation with dumping prices artificially. Maybe not a good idea :)

Algo coins are very difficult to scale in a sustainable manner.

Maybe we should invite tether to hive :D and give them a token slot on L1 :D

Problem solved as long tether is here. If tether bust, hive drops 99% too, no matter we use it or not.

Win win