CoinWorld News reports that on January 11, Vitalik posted that the current crypto industry needs better decentralized stablecoins. There are still three issues to be addressed: · Ideally, a more suitable tracking index than the US dollar price should be found: one of the visions of national-level resistance is to eliminate dependence on the US dollar price. · Decentralized and non-manipulable oracle design: if oracles can be bought off by large funds, the protocol can only defend against attacks by extracting high-value assets, making the attack cost higher than the protocol's market value. · Addressing the staking yield competition problem: if stablecoins cannot offer competitive yields (currently lagging behind staking yields by a few percentage points), they will be difficult to attract funds in the long term.
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CoinWorld News reports that on January 11, Vitalik posted that the current crypto industry needs better decentralized stablecoins. There are still three issues to be addressed: · Ideally, a more suitable tracking index than the US dollar price should be found: one of the visions of national-level resistance is to eliminate dependence on the US dollar price. · Decentralized and non-manipulable oracle design: if oracles can be bought off by large funds, the protocol can only defend against attacks by extracting high-value assets, making the attack cost higher than the protocol's market value. · Addressing the staking yield competition problem: if stablecoins cannot offer competitive yields (currently lagging behind staking yields by a few percentage points), they will be difficult to attract funds in the long term.