The DeFi Collective pfp

The DeFi Collective

@deficollective

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https://www.liquity.org/blog/a-bold-stance TL;DR: a genuinely decentralized stablecoin has three features 1️⃣ Trustless collateral only The ideal collateral asset is non-volatile and highly liquid. USDT and USDC initially come to mind, but they are non-transparent and censorable. The assets that best match the ideal collateral are ETH and time-tested LSTs 2️⃣ No centralized counterparties - Offchain dependencies reduce transparency, predictability, and make you susceptible to regulatory overstep. - Most DAOs struggle with power concentration, voter apathy, increased vulnerability to hacks, and opaque decision-making. - The ideal governance is a protocol governed solely by the law of code 3️⃣ Immutability Immutable contracts provide censorship resistance, predictability, and trustworthy systems for other builders to build on top of @liquityprotocol V1 and LUSD achieved the highest scores on bluechip & @defiscan and will continue with V2 and BOLD
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The Collective officially turns one year old! 🎂 From a crazy idea to a fully-fledged non-profit association already delivering tangible results to improve DeFi, it's been a long way. Yet, there are still even more impacts and challenges ahead of us. But for today, it's time to celebrate the anniversary! - Yearly financial statement & Presentation at ETH Sofia tomorrow - More information about the much-anticipated DeFiScan which will be available by the end of the month, along with exciting announcements Yearly Anniversary Commemorative NFT To participate in the event and celebrate with us, you can mint a special NFT designed by Arke. It will be mintable only until Nov 6 or until 1000 mints The whole team of the DeFi Collective thanks you for your support and involvement in the first year. We're eager to see what our savvy community will bring to the table during the second one. Looking for the NFT? You can mint directly from our blog here: https://deficollective.org/blog/first-anniversary-nft/
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