Two Flavors of Volatility

Recently, here and here, I have talked about the role of Guardians in a stablecoin system.


Does the Frax Decision Signal the End of Algorithmic Stablecoins?

Recently, the stablecoin Frax voted to sunset the key innovation of their protocol: partially algorithmic collateralization. Does this mean that the age of experimentation with algorithmic collateral is over?


Gordy the Guardian

In my previous post I wrote that every stablecoin depends on the interaction of three groups of people: users, oracles, and…