You are viewing a single comment's thread from:

RE: How To Create A Stablecoin?

in LeoFinance4 years ago

Can you give an example of a non-collateralized stablecoin? I am under the impression that all of them have some collateral backing the peg. Please correct me if I am wrong.

One minor correction:

The first thing is with collateral. When a collateral of 150% is set it means there is a 50% buffer before this asset loose it value. Ethereum or other tokens need to drop more than that for DAI to lose value.

A drop from 150% to 100% is a 33% drop in value of the token used as collateral not 50%:

(150-100)/150 = 0.33

Posted Using LeoFinance Beta

Sort:  

There is one called Basis, and I think it is not working now, also there is one new on the binance smart chain, called bDollar, BDO.

Thanks for the corection on the % ;)