Some questions which I hope will be answered: How does Kava

Question

Some questions which I hope will be answered: How does Kava

intend to enable USDX to hold its peg? I recall Kava team being critical of UST peg mechanism yet UST is fully in the wild, no protectionism tactics through rewards and it holds its peg very well. Today USDX is .975. It is still sequestered away from free market.
How will Kava platform deal with centralized stables like busd and usdc when they are forced to freeze accounts as usdt did yesterday? How will they deal with the impact to USDX minted from those stables?
How will USDX scale without the help of centralized stables or will it rely on them as DAI has?

These are seminal issues for Kava as it moves forward. I’m hoping for a medium article explaining how all this will work, @kavateam

#blockchain #cryptocurrency #english #kava

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14.01.2022

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Lawrence James Автор вопроса

Cameron | Kava (I will never DM first)
We have a medium article explaining about USDX Sta...

Thanks I didn’t know that medium article available…not comforting tho. Usage of a stable coin relies on stability. The idea that the Arbitrage of liquidating assets will keep is consistent is troubling…assets aren’t liquidated daily in enough quantity to provide a real stability mechanism. Users is the right answer, but it’s other use cases which create that demand. If it’s not stable now, while being protected, I don’t see it getting better when it’s in the wild. Also the article doesn’t answer the other questions. My guess is you guys think I’m an ahole for constantly bringing criticism…but these are real issues. Kava ecosystem will be hobbled with out clear answers. Throwing gobs of token rewards at the issue isn’t a long term solution and compromises the security of the system…lotta investing of rewards happening this year. I have substantial bags of Kava and hard, as well as other cosmos ecosystem tokens. I was an early adopter/user. My incentive is to see this work. I’m very concerned with how kava team operates and makes decisions…an unstable stable is ok is not a real strategy.

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14.01.2022

₿PR

Kava does plan to add usdc

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14.01.2022

Cameron | Kava (I will never DM first) · Accepted Answer

Cameron | Kava (I will never DM first)

We have a medium article explaining about USDX Stability Mechanics. https://medium.com/kava-labs/usdx-stability-mechanics-12bf23ed957b

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14.01.2022

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Some questions which I hope will be answered: How does Kava

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