kaal:claim:3782216-030

Cryptocurrency backed stablecoins are even more expensive than fiat backed ones, because stability is being sought with far more unstable collateral.

Cryptocurrency-backed tokens are even more expensive than fiat backed tokens, because the stability is achieved with much more unstable cryptocurrencies.

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021), Basic Design
https://ssrn.com/abstract=3782216 · source PDF

Craig Calcaterra, Wulf A. Kaal, Decentralized Finance (DeFi) (2021). SSRN: https://ssrn.com/abstract=3782216

• crypto collateralized designs such as MakerDAO

mechanismsupport: arguedfailure: crypto collateral volatilityfamily: valuation-and-pricing-failuretokenomics

• restates kaal:claim:3396522-012 Cryptocurrency backed tokens are more expensive than fiat backed tokens because stability is sourced from far ...
• restates kaal:claim:3402701-004 Cryptocurrency-backed tokens must be overcollateralized well beyond 100 percent of current value because the b...

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