has been a long-outstanding problem in DeFi as how to use stablecoins in consensus. You cannot simply replace "proof-of-stake" with "proof-of-stablecoin-deposit" due to security implications.
However, this is a much desired feature as it creates continuous demand for the stablecoin, boosting liquidity, increasing price of the crypto-collateral and making things more stable overall. On top of this, it is the first time in history that we can have a decentralised provision of a risk-free interest rate (not by a Central Bank).
My co-founder and I at Cambridge Cryptographic have a solution which we would like to share if it is of interest.
Hi Ying! Please PM me.
What is your project?
Hi Lars, just sent you a DM on collab. Could you kindly check? Thanks!
Hi, is it spam group? https://t.me/ NeutrinoProtocolOfficialnew
Hi, yes, sure.
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