Stablecoins Past, Present, and Future w/ Robert Sams & Sam Kazemian - Flywheel EP #3
Flywheel DeFi
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The Importance of Quantifying the Money Supply in the Economy
Robert: Frax has never actually broken its peg in its 17 months of existence and so the important thing is like you can quantify now the actual belief or the faith or the integration of the currency in the economy, which I think is a really important thing to consider if you're designing a staple. He says that it's not just adoption you want but how you get there as well; finding use cases that have characteristics that make it possible for the stablecoin to accommodate the volatility in that demand will be key. Robert: The network effect comes from an ecosystem of composable use cases that are high qualityhigh quality in the sense that they they create value for its users because they're composable
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