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RE: Oracles: Revisiting the main attack vector of algorithmic stable coins.

in LeoFinance • 3 years ago

I understand something about the stablecoins part but I'm not sure if I can explain what I understood to anyone 😅

The point that having our own oracle to be in the safe side makes a lot sense especially when we consider the possibility of blockchain-based USD by FED. On the other hand, relying on the stable x coins and their USD collaterals is another risk that is already taken.

On BSC this would be CUB/bLEO and on Polygon this would be pCUB/pLEO. These are examples of LPs that don't bleed any value out into the void of crypto and instead retain it all within the LEO ecosystem.

Such pools would be great to be in especially for those who are trying to increase their ownings in both sides. I expect pCUB / pLEO on PolyCUB when all the upcoming features are initiated 😎

Posted Using LeoFinance Beta