How to Cheat Death (Spirals)

You may have heard the phrase “death spiral” with respect to algorithmic stablecoins. Here I will attempt to describe what this means, and how to avoid it.

Defining Death Spiral

Icewater v1

The Icewater team is about to launch our first mainnet token, v1. Given the ironically volatile history of stablecoins, we will not be engaging in any large-scale sale or distribution of tokens. However, we do think continued innovation in stablecoins is important, so let’s start with a brief reminder of…

Self-Correcting Virtual Pools

The context: we want to create an internal AMM because keeping an order book requires too much computation…