5 Comments

Have you looked at different schemes like djed? Which seems to have an answer to both your concerns (outside world is the influx of a deflationary asset like ada, and there is a usage fee structure in place)?

Basically, they get around the circular relationship by bringing in a third asset which turns the volatile asset holders as taking a long position, not on itself but the other (scars) asset with its independent utility and ability to hold value

Expand full comment

great post and good explanation!

Expand full comment