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Redbeard
Redbeard

161 Followers

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Published in

Icewater

·4 days ago

Why I Don’t Like the Term CDP

When MakerDAO created the DAI stablecoin, they introduced the term “CDP” to describe how it worked. I wish they hadn’t because it’s confusing. First of all, what is a CDP? A CDP is when you put collateral into a vault in return for another asset, typically a stablecoin. The CDP…

Cdp

3 min read

Why I Don’t Like the Term CDP
Why I Don’t Like the Term CDP
Cdp

3 min read


Published in

Icewater

·May 7

Two Flavors of Volatility

Recently, here and here, I have talked about the role of Guardians in a stablecoin system. Specifically, the main role of guardians is to take on the volatility of the system so that the stablecoin can remain stable. And we must provide them an incentive to do so. There are…

Stablecoin Cryptocurrency

3 min read

Two Flavors of Volatility
Two Flavors of Volatility
Stablecoin Cryptocurrency

3 min read


Published in

Icewater

·Apr 30

Does the Frax Decision Signal the End of Algorithmic Stablecoins?

Recently, the stablecoin Frax voted to sunset the key innovation of their protocol: partially algorithmic collateralization. Does this mean that the age of experimentation with algorithmic collateral is over? If not, why would anyone keep trying to play with the fire that is algorithmic stabilization? But First, Let’s Talk About Decentralization Frax is not a decentralized…

Stablecoin Cryptocurrency

4 min read

Stablecoin Cryptocurrency

4 min read


Published in

Icewater

·Apr 23

Gordy the Guardian

In my previous post I wrote that every stablecoin depends on the interaction of three groups of people: users, oracles, and guardians. I have written a lot about oracles because that has been the primary innovation of the icewater system, but now I want to focus on how guardians maintain…

Stablecoin Cryptocurrency

13 min read

Gordy the Guardian
Gordy the Guardian
Stablecoin Cryptocurrency

13 min read


Published in

Icewater

·Apr 15

Stablecoins: A People Perspective

An important thing to remember about crypto protocols is that they are simply mechanisms for managing voluntary relationships among people. So let’s talk about the people involved in a stablecoin. Specifically, there are three important groups of people that need to cooperate to have a successful stablecoin. Let’s call them…

Stable Coin

3 min read

Stablecoins: A People Perspective
Stablecoins: A People Perspective
Stable Coin

3 min read


Mar 13

How Coops can Save Crypto

At the latest ETHDenver Event, Vitalik Buterin emphasized that the next stage in the development of the crypto economy is to improve the user experience (UX) so that we can use crypto for everyday transactions. This led me to ask myself: why don’t I use crypto for everyday transactions? The…

Cooperatives

4 min read

Cooperatives

4 min read


Published in

Icewater

·Jan 29

Ordo Ab Chao

Can you create order from chaos? Stability from volatility? Previously, when talking about achieving stability for stablecoins, I have primarily discussed changing supply in response to changes in demand (or more specifically, in response to your stability measurement, whatever that is). But there are other frameworks that can help in…

Stable Coin

9 min read

Ordo Ab Chao
Ordo Ab Chao
Stable Coin

9 min read


Published in

Icewater

·Jan 16

Stablecoin Economics

The basic problem of all stablecoins can be broken down into two parts: How do you define your stability target? How do you achieve your stability target? Defining Stability (Traditional): Level Targeting Most stablecoins assume the existence of an external unit of account (i.e., the dollar) and define stability as having a stable value with…

Economics

10 min read

Stablecoin Economics
Stablecoin Economics
Economics

10 min read


Jan 7

Moral Debt and Spiritual Equity

This post is a follow-up to my post on Kin Egoism. Consider the following analogy: Altruism is like debt and Egoism is like equity. First, what are debt and equity? For a company, debts are obligations to (typically) external entities (i.e., who the company owes). On the other hand, equity…

Morality

2 min read

Morality

2 min read


Published in

Icewater

·Dec 24, 2022

A Four Token Stablecoin Model

Icewater has undertaken the challenge of developing a stable cryptocurrency that does not rely on external (i.e., non-crypto) assets and oracles to achieve stability. This is a challenging goal, and we have made a lot of progress. The following model achieves stability using four tokens: H2O — a stable token …

Stable Coin

3 min read

A Four Token Stablecoin Model
A Four Token Stablecoin Model
Stable Coin

3 min read

Redbeard

Redbeard

161 Followers

Patent Attorney, Crypto Enthusiast, Father of two daughters

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