Crypto needs decentralized stablecoins.
Consider the options space:
1. Fiat stablecoins are not decentralized
2. Leverage based models donโt scale, and eventually just wrap USDC
$UST โs grew because its sovereignty is the only sensible model to scale decentralized money โจ
@fintechfrank Algorithmic stablecoins (ie stables without a central issuing party). UST is the current leader.
And their development/adoption is critical, for centralized stablecoins (USDT/USDC) will be pulled toward CBDC-status inevitably.
There seems to be a ton of confusion on how to properly stake $UST on @anchor_protocol using $AVAX.
Let me show you step by step on how to properly stake your $UST on anchor without losing a ton of $ by slippage.
๐งต๐
1/