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Jesús-

Hey there, I was thinking about if CAKE can create

an algo stablecoin like other projects.. there is a possibility? Or no way?

#cake #cryptocurrency #de-fi #english
0

8 ответов

19 просмотров
Lovely-

🤔 What of Utility!? What will the stable coin be used for on the platform!?

0
11.04.2022
Jesús- Автор вопроса
Lovely
🤔 What of Utility!? What will the stable coin be ...

Farming or pools. Burning cake for mint

0
11.04.2022
Combot-
Jesús
Farming or pools. Burning cake for mint

There is a weekly token burn every Monday/Tuesday (NO SPECIFIC TIME). Read about the emission rate and deflationary mechanics here: CAKE Tokenomics

0
11.04.2022
Lovely-
Jesús
Farming or pools. Burning cake for mint

Cake is already being used for farming and pools! Redirecting those to a stable coin will only reduce the utilities of #Cake

0
11.04.2022
Jesús- Автор вопроса
Lovely
Cake is already being used for farming and pools! ...

No if you use CAKE for mint this stablecoin.

0
11.04.2022
Lovely-
Jesús
No if you use CAKE for mint this stablecoin.

🤔 Hmmmmmmm Ok, let me research more in that! Have any examples where this was done!?

0
11.04.2022
Jesús- Автор вопроса
Lovely
🤔 Hmmmmmmm Ok, let me research more in that! Have...

Well I dont want to shill naming other projects but the best example is LUNA n UST.

0
11.04.2022
Lovely-
Jesús
Well I dont want to shill naming other projects bu...

Thought as much! But Luna - UST is quite a tricky subject! It's not really clear how they did it! Because normally, using a coin to print a stable coin triggers a dump! Sometimes brief, sometimes long-term. But in most cases I've seen, it DOES trigger a dump! But, we still have time to develop! Let's keep watching and see if other projects can successfully recreate what Luna did before we go diving in!! 😇🤷‍♂

0
11.04.2022

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