Does anyone know an unfreezable stablecoin that is the least at risk of becomming another TerraLuna? I love Monero but its too volatile to keep 100% of my life savings in an unfreezable stablecoin is CRUCIAL. This is such horrible news. Fuck Rune Christiansen for this shit!!

  • Scolding0513@sh.itjust.works
    3·
    6 months ago

    I went through it, thanks

    How exactly will this be the next Terra Luna? Maybe you can explain to me. Sorry It’s been a while since I studied all that stuff and the crash happened.

    But yeah, looks like they are essentially focusing all their attention on the new fed glowie coin, and pushing “PureDai” into a new DAO altogether, off to the sidelines. It will gain its peg in a fully automated form using decentralized collateral. Maybe that’s the Terra Luna part you meant. But if it’s overcollateralized then wont it be as strong as original DAI?

    How sad. I agree with the last guy. This is sabatoge. Likely that the feds are pushing this in the background, pushing the Founder guy.

    • goatmeal@monero.townEnglish
      2·
      6 months ago

      terra required too much manual intervention and also aimed to maintain a USD peg. RAI and pureDAI aren’t supposed to be like that. so I wouldn’t be so pessimistic. I think there is still a way to do it.