Balance Ecosystem Launched Algorithmic Stablecoin Designed to Preserve Peg
Photo Source Introduction The recent Terra/UST collapse has shook the cryptocurrency markets causing many to question the position algorithmic stablecoins hold within the industry. Furthermore, this shockwave
The Truth Why UST Failed That No One Tells You...
The main reason algorithmic stable coin UST failed was that the foundation behind the Terra system project got “greedy” and allowed way more debt than they could sustain, making the Terra system vulnerable
The risks of algorithmic stable coins and who wants them to collapse!
"UST stable coin veers wildly from dollar peg. Life savings lost." These are the headlines that shocked many. If you are confused about what's going on, I invite you to dive into what happened
Do Algorithmic Stablecoins Provide the Required Stability for DeFi
Photo Source INTRODUCTION: "An algorithmic stablecoin is a token that adjusts its supply deterministically (i.e. using an algorithm) in order to move the price of the token in the direction of a price