@eqparenthesis

decentral banker @emptysetsquad

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Joined February 2020
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Contractibility is a less talked about stablecoin characteristic - it's not strictly necessary to construct something stable, but it can have drastic effects on end users. What is contractibility? 🧵
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This isn't to say nondeterminism is bad - this is probably the most exciting area of study in DeFi 🧠 - but it's still early and it's risky.
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This is why, for ESDv2, we ultimately chose to use a deterministic model, while additionally providing a framework to allow governance to safely experiment with nondeterministic models over time. 💔
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With ESD, our goal was simply to create the best stablecoin. We knew it wouldn't be perfect on the first try, it was more important to build an open platform for collective experimentation. Couldn't be more excited about the vision Scott and Will have put forward. 🏦
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🔗 emptyset.finance now links directly to the latest IPFS build.
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introducing døllar and the {ess}. medium.com/@emptysetsquad/in…

Introducing døllar and the {ess}.

It’s with great pleasure that we, the empty set squad, introduce døllar: a fully decentralized elastic-supply stablecoin. Its construction…

medium.com
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døllar is a fully decentralized elastic-supply stablecoin. 1/3
{ess}@emptysetsquad24 Aug 2020
project {∅}: døllar github.com/emptysetsquad/dol…

GitHub - emptysetsquad/dollar: fully decentralized self-stabilizing dollar.

fully decentralized self-stabilizing dollar. Contribute to emptysetsquad/dollar development by creating an account on GitHub.

github.com
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its construction is an iteration on basis and its predecessors, aiming to solve core issues within their mechanics. 2/3
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to translate to ethereum, we incorporate ideas from 0x staking, rho, and build on top of uniswap v2 oracles. 3/3
the mechapunks will decentralize finance.
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