Vitalik: Designing Principles-based Stablecoins that (may not) collapse

Vitalik Buterin | May 25, 2022 The recent LUNA crash, which led to tens of billions of dollars of losses, has led to a storm of criticism of "algorithmic stablecoins" as a category, with many considering them to be a "fundamentally flawed product". The greater level of scrutiny on defi financial mechanisms, especially those that

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