• davoice321

    September 12, 2020 at 03:59

    So it looks like some kind of automated swap system where the asset always balances back to one because other assets are traded for it.

    So basically the stablecredit asset is always worth $1 because it is collateralized by the underlying asset.

    So it’s not comparable to ample because ample is a primitive (backed by nothing).

    The interesting thing would be to include ample as one of the underlying assets that can back the credit dollar.

    More here: https://twitter.com/andrecronjetech/status/1304434767182659584?s=21