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53355810 No.53355810 [Reply] [Original]

I have been working on a BTC backed stablecoin on the IC for a while now, It auto liquidates its CDPs instead of relying on liquidator bots. About 30% done but not sure if its worth spending more time on this as ICP ecosystem is kinda dead + Im not pursuing a grant as im gonna release it anonymously (if at all) and then blackhole the controller.

Would anyone here use this Stablecoin?

>> No.53355832

>>53355810
I would desu. I'm interested in converting my gains to stables on the IC during the next cycle top, which is not possible at the time. btw I don't think the ecosystem is dead we are just deep into the bear

>> No.53355849
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53355849

>>53355810
>INTERNET
>COMPUTER

>> No.53355851

>>53355810
btc backed stable coin was approved by the sns1 dao. so either you merge your work with other community devs or some other devs start from scratch and blow your work out the water

>> No.53355996

>>53355851
Can you link something regarding this? Cant seem to find anything other than some forum post about ICP <-> Luna (so clearly outdated lol)

>> No.53356230

>>53355851
nothing is built on your street shitting esl token

>>53355810
quite a lot of devs are already working on this anon, icdex, icusd, and finterest to name a few. you should probably see what they have built before jumping in

>> No.53356255

>>53355996
check out this discord channel
discord gg/9rBrspfRMx

>> No.53356266
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53356266

>>53355996
>https://dscvr.one/post/8912672/implementation-of-a-bitcoin-collateralized-stabl

>Telegram
/sns1community

>Discord
/muX6j8A7

>DSCVR Portal
dscvr.one/p/sns1

>Taggr Realm
taggr.top/#/realms/sns-1

>SNS-1 OC group
oc.app/#/gttbe-dyaaa-aaaaf-a6gpa-cai

>Links
sneed.one

>> No.53356272

>>53356266
Not buying your scam tokens

>> No.53356305
File: 68 KB, 329x444, icypee2.jpg [View same] [iqdb] [saucenao] [google]
53356305

>>53355810
...but we already have a stable coin

>> No.53356452

>>53355996
see>>53356266

>>53356230
cope.

>> No.53356653

>>53356452
>no caps

Places to learn English are
FoxKids
English for beginners
Aesops Fables

>> No.53356673

>>53356653
wtf has english to do with this lmao I literally said 2 words nigger. besides you mention icUSD as a developer which is actually the name of the stablecoin which is approved by the sns1 dao. holy kek you're dumb. verification not required.

>> No.53356900

>>53356673
here the esl attempts to communicate

>> No.53356919

>>53355810
How does the financial aspect of this work mechanically? Against what is your coin stable and how does it maintain that peg?

>> No.53357098

>>53356919
not OP and not a dev, but look up the mechanics of DAI, its usd-pegged but its backed by various coins that users put in collateral

>> No.53357127

>>53356266
>ESL posts broken link

Places to learn English are
Brightsparks
AustralianAcademy
English for newbies

>> No.53357235
File: 464 KB, 750x1024, 1673869733876526.gif [View same] [iqdb] [saucenao] [google]
53357235

>>53355810
a decentralized stablecoin backed by the world's most decentralized n liquid asset is a killer app. oracles and regulatory(usd-pegged) will likely be the most challenging part for the project. look into DAI RAI TAI LUSD ser