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It’s with great pleasure that we, the empty set squad, introduce døllar: a fully decentralized elastic-supply stablecoin. Its construction is an iteration on Basis and its predecessors, aiming to solve core issues within their mechanics. To translate to Ethereum, we incorporate ideas from 0x Staking, Rho, and build on top of Uniswap V2 oracles.

motivation.

Collateral-based stablecoins are both capital inefficient and carry risk to the underlying collateralized assets. Additionally, the total supplies of these stablecoins are constrained to strictly less than the available reserve assets on-chain. …

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rebuilding finance from the ∅. 💔

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