The Most Important Thing for Algo Stablecoins
In Algorithmic Stablecoin, we have come such a long way to what we have achieved today. We tried to explore the different ways to create a successful Algo Stablecoin, and failed many times.
From the famous Basis Coin, which was later shut by the SEC, to AMPL, ESD, BAS, FRAX, FLOAT, OHM, or the most recent, FEI. We kept trying, not just because the great profit was being made on the way, more importantly, the whole DEFI was built on centralized stablecoins, like USDT, USDC, BUSD etc.