Data Finnovation on Twitter: "Decentralized and/or capital-efficient stablecoins are impossible. No design works. Even ones nobody tried yet. It’s not an engineering or design problem. It’s a math problem. A math problem. A thread."
Finncial ervice. Data, analysis and math. But mainly math. The most expensive liquidity puts are the ones you didn't notice selling at 0.
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Decentralized and/or capital-efficient stablecoins are impossible. No design works. Even ones nobody tried yet. It’s not an engineering or design problem. It’s a math problem. A math problem. A thread.
Terra-UST failed. So did IRON-TITAN and Basis and Empty Set and USDN. There are more. Is this because they were bad designs? Sort of. Except there is no good design.
