=)

decentral banker @emptysetsquad

[=) @eqparenthesis]

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? 🧵

[=) @eqparenthesis]

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. 💔

[=) @eqparenthesis]

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? 🧵

[=) @eqparenthesis]

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.

[=) @eqparenthesis]

@LewisFreiberg This account would be really cool if the person who ran it could read solidity 😅

[=) @eqparenthesis]

@santiagoroel @dsdproject @emptysetdollar Actually unbonding periods were added specifically to prevent unbonding to purchase coupons since this has a net neutral effect on supply regulation. Coupons only do their job when they take ESD out of circulation.

[=) @eqparenthesis]

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. 🏦

[{ess} @emptysetsquad]

🔗 https://t.co/b6RpilAqu9 now links directly to the latest IPFS build.

[{ess} @emptysetsquad]

introducing døllar and the {ess}.

https://t.co/miCRoC2xNZ

[=) @eqparenthesis]

to translate to ethereum, we incorporate ideas from 0x staking, rho, and build on top of uniswap v2 oracles.

3/3

[=) @eqparenthesis]

døllar is a fully decentralized elastic-supply stablecoin.

1/3

[{ess} @emptysetsquad]

project {∅}: døllar

https://t.co/GjPxlvzJNZ

[=) @eqparenthesis]

its construction is an iteration on basis and its predecessors, aiming to solve core issues within their mechanics.

2/3

[=) @eqparenthesis]

the mechapunks will decentralize finance.