💲 Stablecoins

Opinions:

• Stablecoin comparisons
• Stablecoins are not created equal.
• Permissionless2022 Stablecoin talk

Articles:

• Stablecoins 2.0: Economic Foundations and Risk-based Models
• History of stablecoins, spirals of death
• https://thedailyape.notion.site/Stablecoins-114a81be973b431a8734d32b544c8018
• https://ignasdefi.notion.site/b2f6b059ffea48a981e216c3d80581b5?v=0238250fda8a4384a72d89aed056cd09

Stats:

• Stablecoins overview on DefiLlama
• Stablecoin dominance on Coingecko
• Collateral backed stablecoins TVL Rankings
• stablecoins.wtf
• Stablecoin Monitor
• stablecoin peg monitor

Custodial stablecoins

• Tether (USDT, EURT, XAUt) (critique)
• USDC
  • usdc.cool
• Paxos (USDP, PAXG, BUSD)

Collateral backed stablecoins

• MakerDAO / DAI
• Liquity / LUSD liquity.org (Docs, Whitepaper)
  • Explanation thread september 2022
  • Thread march 2023
  • Article on DefiLlama wiki
• Abracadabra / MIM abracadabra.money (Docs)
• MAI mai.finance (Docs, Video starting from 3:36:15, Analytics)
• FRAX frax.finance (Docs) (Analytics) — Partially collateralized, partially algo
  • Short explain thread
  • FRAX: evaluating the potential and comparing the architecture

Articles:

• Exogenous and endogenous backing

Algorithmic

Most are dead

• End of year 2022 algo-stable review
• UST (Video)
• TOMB (Docs, Video starting from 3:11:45)
• AMPL (Video)
• Iron FInance (Post mortem)

Forex

• FixedForex (Article)
• Jarvis (Docs)

Stablecoin mixes

Rely on other stablecoins as primitives

• mStable (Docs)
• OUSD (Docs)

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also see 🎈 Floaters, 🛢️ Synthetics, 🍬 Wrapped