Undercollateralized algorithmic stablecoins are the holy grail when it comes to pegging digital assets to the price of a particular good or service. Fundamentally, the stability of these assets is purely driven by the market mechanics coupled with design choices, often in the form of algorithms, that drive the price towards the desired peg.

We propose an experimental fair-launched stablecoin project that is a variation of the Basis model. No coins are sold in advance to early seed investors, insiders, or VCs. The treasury does not have any starting capital which allows for the supply to grow organically based solely…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store