CoinVoice has learned that Vitalik recently posted a statement indicating that the current crypto industry needs better decentralized stablecoins. There are still three issues to be addressed: · Ideally, a more suitable tracking index than the US dollar price should be found: one of the visions of national-level resistance is to eliminate dependence on the US dollar price. · Decentralized and tamper-proof oracle design: if oracles can be bought out with large funds, the protocol can only defend against attacks by extracting high value, making attack costs higher than the protocol's market value. · Addressing staking yield competition: if stablecoins cannot offer competitive yields (currently lagging behind staking yields by a few percentage points), it will be difficult to attract funds in the long term.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)