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RE: BOLO: Good Algo Stable Coins

in LeoFinancelast year

I'm a big HIVE fan and I like HBD. There seems to be lots more Market Cap of Hive than HBD which is what is needed to keep our algorithmic stablecoin over-collateralized. And the yield is excellent.

Another one that may be good is USDL from the Liquid Loans project which will launch on PulseChain (token is called Pulse or $PLS) as soon as PulseChain goes Live. USDL is a clone of LUSD, the Liquidy Stablecoin which has remained close to $1 for its 1.5 year lifetime.

https://coinmarketcap.com/currencies/liquity-usd/

I find PulseChain interesting because it's a full state fork of Ethereum like Hive was of Steem so all ERC-20 tokens get copied over. It will be a fork of the new Ethereum so it's POS, but has lower fees, no inflation and 4x faster blocks, last I checked. It will have PulseX, a Uniswap clone, for defi swaps and LP. About 150 other projects are said to be launching on PulseChain as well. Some are ranked here: https://pulsehotlist.com/

There was a sacrifice phase for Pulse and PulseX in which people could send in various crypto with no expectation of the work of others or anything like that, so as to supposedly not be considered a security via the Howey Test. I believe 1.2 Billion dollars were sacrificed. This could show the level of interest in PulseChain.

There has been a testnet version of Pulse and PulseX and Liquid Loans for many months now. If you are ever interested in some free tPLS to explore them, just ask.

There's a pretty good video about USDL on YouTube and the relevant part starts around the 4 minute mark. There are dozens of other videos on the Liquid Loans YouTube channel.

Not investment advice. Do your own research. Go Hive! :)