The only other Algorithmic Stablecoin I know off died horribly. This is working fine for now...but considering what happened to UST, we have to find a better solution considering how many whales are in HIVE in a DPOS setup...
I know I know we have to trust everyone in Crypto...oh wait we don't we always have to prepare for the worst.
I get the feeling that Trades and Smooth are in it for the long haul, so I wouldn't worry about it!