POPA Recon🔥 Vitalik recently shared a new idea to build stablecoins on Ethereum.
🔥 Vitalik recently shared a new idea to build stablecoins on Ethereum. Instead of the current way — the way you deposit ETH, borrow dollars against it, and risk liquidation if the price falls — he suggests splitting ETH into two tokens. One token works like a stable dollar with a much lower risk of large losses. The other token takes profits when ETH rises. These two tokens are always the sum of the original ETH, so there is no debt and no forced liquidation when the price falls. This approach could be a new trend in DeFi: exchanging a much safer and simpler system that doesn't rely on conti…
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