OpenStableIndex

DeFi's 10 strongest stablecoin networks in one $OPEN token.

[OpenStableIndex @OpenStableIndex]

Stablecoins, but actually yours.

Use Pharos to identify stablecoins with no blacklist function, that no one can have their hands in your pocket.

[Pharos @PharosWatch]

We have upgraded the Blacklist Tracker on Pharos.

Blacklist risk is one of the most underrated dimensions of stablecoin security. Most users never think about it until an asset gets frozen. These updates make it easier to see that risk clearly before it becomes a problem.

Here is what is new:
- See the blacklistable status of all tracked stablecoins by count
- Click any bar to view the matching stablecoins instantly
- View blacklistable status weighted by market cap
- A cleaner, better optimized UI throughout

Know what you are holding.

[OpenStableIndex @OpenStableIndex]

vlSQUILL-OPEN, ready to vote onchain?

Click through to links below.

[Decentralized Ranger Folio @DRF_hq]

The @OpenStableIndex posted a new proposal on the forum to update governance parameters. Calling all $SQUILL governors to provide feedback.

Link ⬇️

[OpenStableIndex @OpenStableIndex]

@0xJMG 👀

[0xJMG @0xJMG]

A map of where money is going
(constraints breaking, velocity and participation rising)

More open systems are like gravity, just as the internet was to everything in the age before it.

📌 Agent-to-agent payments - nonstop machine money without intermediaries
📌 DeFi arbitrage - bots capture inefficiencies across protocols, instantly
📌 JIT composability - agents composing specific solutions for specific users in specific moments, and deliver proactively
📌 Micropayments - paying tiny amounts per use, instantly
📌 Metered APIs - use now, settle later via platform billing
📌 P2P & remittance (Venmo, Wise) - send money through apps, often
📌 P2P onchain - send censorship resistant money privately
📌 Yielding stablecoins - park money, earn yield, adjust sometimes
📌 Payroll - pay workers regularly
📌 Subscriptions (SaaS, media, utilities) - recurring payments for ongoing services
📌 Everyday retail - frequent purchases at stores and online
📌 Enterprise transactions - big company payments, less often
📌 Home, medical, auto - bigger life expenses, slower

Will see hybrids in the mullet zone where gatekept and open systems overlap

Incumbents aim to protect what exists, but there is a 100x zone that is creating what doesn’t.

[OpenStableIndex @OpenStableIndex]

Best stablecoin dashboards in the industry, now tracking "blacklistable" among other things. @PharosWatch

[Cyrille @cyrille_briere]

We're getting very close to the moment people start caring again about censorship resistance. Get ready.

[OpenStableIndex @OpenStableIndex]

@MacroMate8 @SolanaFndn 🔥

[OpenStableIndex @OpenStableIndex]

@XBToshi Very cool. Have you ever put together a list of DeFi stablecoins that dont have blacklisting? e.g. crvUSD, GHO, BOLD

[0xJMG @0xJMG]

Every dog has its day...

eBay and Craigslist sellers --> PayPal
Silk Road and Wikileaks --> Bitcoin
Venezuela, Argentina and Lebanon --> Tether USDT
Yield on dollars --> DeFi

[OpenStableIndex @OpenStableIndex]

@zachxbt @circle @FastCompany Censorable money? Hard pass.

[Martin K. @martinkrung]

good for decentralize stablecoin with true yield, and bad for USDC, circle & coinbase

[OpenStableIndex @OpenStableIndex]

Today is the 2nd best day to weigh in on shaping OPEN's v1.2 methodology. The first best day was Jan 28.

Get involved?

[OpenStableIndex @OpenStableIndex]

[RFC] Request For Comments: The OPEN Rules Upgrade v1.2

https://t.co/ijybatBoQj

[OpenStableIndex @OpenStableIndex]

@DRF_hq Want to know the moment “diversify & chill” was born? Sooner than you think.

[0xJMG @0xJMG]

Diversify and chill.

Meet Index RTokens - economic freight trains with multiple engines 🚂

Imagine:
- A memecoin index powered by $SHIB $PEPE and $FLOKI?
- How about a bluechip DeFi index powered by $UNI $MKR $AAVE $COMP?
- Or an index of @RayDalio’s All Weather Portfolio?
- How about an index of any combination of ERC-20s you assemble?

RTokens make this possible.

First, “RToken” TLDR:
A fully asset-backed currency created on the permissionless Reserve protocol.

Everything is onchain:
-Asset-backing
-Revenue sharing
-Overcollateralization
-Minting & redemption
-Governance
🔥ONCHAIN 🔥TRANSPARENT 🔥 NO MIDDLEMEN 🔥

Note: The Reserve protocol is a free public utility. RTokens can be created by anyone.

Next, Why Index?
Diversify and chill.

A blessing for those who do not want to manage positions 24/7. Indexes usually have managers.

Index funds trace back to the late 1800s with early market indexes, but boomed in the 1970s with the first public index mutual fund and the 1990s with the introduction of ETFs. Today, they're a massive multi trillion dollar asset class. With the entry of Bitcoin ETFs, a @BlackRock digital asset index probably isn’t far off.

🔍 In the case of an Index RToken, everything is transparently onchain, including decentralized governance (RSR stakers) with skin in the game. They only win, if you win.

How, Index RToken?
Many RTokens thus far are stablecoins or flatcoins, pegged to USD or ETH. The best collaterals for stablecoins tend to be stable relative to their target peg. Explore at https://t.co/I1H7luvbK1.

Index RTokens work similar to any other Index, with volatile collaterals it inherits the net asset value (nav) of the basket.

All RToken collaterals require a plugin which can be built by any talented dev in a few hours. Collateral plugins help to price underlying assets and surface properties required for the RToken to ascertain its status.

Visit https://t.co/kGgBJaadaK to see 60+ available collateral plugins already available for RTokens.

Or build your own RToken collateral plugins: https://t.co/joAy3iaCwU

Index RTokens require demurrage collateral, which is collateral where instead of targeting an increasing amount of reference tokens over time you target a decreasing amount of reference tokens over time. You can think of it like a Management Fee: If you want to dive into technical details of demurrage collateral, here you go:
https://t.co/oq9ZMngV0Z

Tokenized indexes, next wave? 🏄‍♂️
Until a few months ago with less than 10 million monthly active users in crypto (0.1% penetration), most users were hardened active managers of their own assets. They are not the “set it and forget it” type, hence Index products had less appeal.

However, during bear/bull cycles we’ve already seen active users swell 10 to 100x or better in each cycle of 2013, 2017, 2021.

Imagine a future (maybe 2024/2025?) with millions of new crypto users seeking effortless digital asset exposure, diversification and transparency without middlemen. When that moment arrives, an Index RToken created by you could be the solution.

Deploy an RToken permissionlessly here:
https://t.co/ezRETKk6Cg

Drop into the Reserve Discord for support:
https://t.co/FWJCNtevBM

[OpenStableIndex @OpenStableIndex]

@0xJMG @iampaulgrewal This

[OpenStableIndex @OpenStableIndex]

@0xJMG machines and open money systems go together

[scoopy trooples @scupytrooples]

for this brief moment in time, we have an enourmous edge over the chungus institutions and corpos who are bound by rules and regulations and cannot move quick, while we are agile and nimble and can command arbitrary sized armies of agent swarms.

[OpenStableIndex @OpenStableIndex]

@DRF_hq in our neon art phase while evangelizing the virtues of open and verifiable money systems

[OpenStableIndex @OpenStableIndex]

https://t.co/scCPPyDhiB

[OpenStableIndex @OpenStableIndex]

[RFC] Request For Comments: The OPEN Rules Upgrade v1.2

https://t.co/ijybatBoQj

[OpenStableIndex @OpenStableIndex]

OPEN - SQUILL LPs having lunch on @CurveFinance .

[OpenStableIndex @OpenStableIndex]

More time in the ☀️ for vlSQUILL.

Onchain proposal to increase the voting period from 1d to 3d on OPEN basket changes recently PASSED.

-5d offchain forum discussion
-1d onchain proposal voting delay
-3d onchain voting period (<--change 🆕)
-1d onchain execution delay

https://t.co/DxUUuXsoIn