Conversation

Do Kwon

@stablekwon

Apr 8

@fraxfinance

joining the Bitcoin Standard (and many other standards):

theblock.co

Frax Finance may buy large amounts of major cryptos to back its stablecoin

The plan could see Frax buying up coins in proportion to the supply of its stablecoin on their respective blockchains.

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5/ $SILK by

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6/ $USDN by

The initial DEX offering (IDO) of the WX token will be based on USDN, the Wave’s ecosystem main stablecoin. Users will be able to buy WX…

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Do Kwon

@stablekwon

Apr 8

7/ Each of the above protocols are different, but they are motivated by the same exciting idea, that blockchains need uncensorable money governed by sovereign immutable code.

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Do Kwon

@stablekwon

Apr 8

8/ I welcome this kambrian explosion of decentralized stablecoins. #LUNAtics - instead of worrying about competition, we should strive to raise as many communities around decentralized stablecoins as possible. The moon shines brighter when everyone wins. 🌕

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