4 votes

Can you stake stablecoins such as Djed?

Let's first ask ourselves, what does staking really mean? The purpose of the staking mechanism currently implemented in Ouroboros is primarily to incentivize honest real-time consensus on the Cardano ...
zhekson's user avatar
  • 3,669
3 votes

Can you stake stablecoins such as Djed?

No. In theory you could add stability to a PoS blockchain but staking tokens other than the core native token, but the underlying network has no concept of how valuable a token is. It can’t tell the ...
Mitchell Turner's user avatar
2 votes

The feasibility of stable coins given the min-Ada-value requirement

IOHK is actually working on a solution to stable coins called Djed and you should check it out. https://iohk.io/en/blog/posts/2021/08/18/djed-implementing-algorithmic-stablecoins-for-proven-price-...
jnprogrammer's user avatar
1 vote

“USDA” is All Set to launch in Early 2023 | What services will it provide?

Based on this EMURGO's blog post, the services and use cases that the Anzens program will have are: Managing Web3 balance sheets Making card payments directly with crypto Regulated lending and ...
Falcon Stakepool's user avatar
1 vote

The feasibility of stable coins given the min-Ada-value requirement

It seems to work fine on Ethereum. You are required to spend ETH as gas to move stable coins like USDT or USDC. Native tokens are nice because you don't need to spend extra to move tokens, like you do ...
Mitchell Turner's user avatar
1 vote
Accepted

Can we expect to see already existing stablecoins on Cardano?

As far as I know, the Liquity team is interested to have their protocol deployed on Cardano too. But it is too early to tell.
Marek Mahut - StakeNuts's user avatar
1 vote

The feasibility of stable coins given the min-Ada-value requirement

While I agree with you that fees might be a problem for native tokens, I do not understand why you make such a difference between fees and minimum value. From a practical viewpoint: in Yoroi, when you ...
Distic's user avatar
  • 701
1 vote

The feasibility of stable coins given the min-Ada-value requirement

EDIT: Yes, it's an issue (see comment). The output requirement (in plutus at least) is in lovelaces (0.000001 of ADA), so it shouldn't be really an issue.
GClaramunt's user avatar

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