Algorithmic stablecoins aren’t really stable, but can the concept redeem itself?
Amid the meteoric rise of decentralized finance in 2020, there was persistent interest in a class of coins popularly dubbed “algorithmic stablecoins.” Some of the more famous ones include Ampleforth (AMPL), Based, Empty Set Dollar (ESD) and Dynamic Set Dollar (DSD). While these tokens are commonly considered algorithmic stablecoins, the teams involved have their own […]