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Everything you need to know about blockchain central banks

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  • Stablecoin GHO by Aave is yet to be released and it is the first overcollateralized stablecoin similar to MakerDAO’s DAI.
  • Researchers at Jarvis Labs believe stablecoins with sizable liquidity, automated market makers and lending markets make up the holy trinity of DeFi. 
  • Following regulatory guidelines, DeFi protocols could be trending towards similar practices such as central banks. 

Stablecoins are gaining traction in the DeFi community despite the $41 billion implosion of Terra’s LUNC (previously LUNA) and UST. DeFi protocols that have sizable liquidity, automated market makers and lending markets are key to the next generation of stablecoins. 

Also read: Ethereum dominance over Bitcoin draws to close, no more flippening?

Stablecoin holy trinity and what’s next

Do Kwon, the infamous founder of Terraform Labs promised UST holders that the algorithmic stablecoin would eventually destroy its main competitor, DAI. The integrated stablecoin powers DeFi applications and blockchain-based games. Post UST’s implosion, DAI is alive and…

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