@grin
here's a left-curve fully decentralized "stablecoin" proposal. the primary goal is the right mix of simplicity and fairness
initial distribution: fork USDC and USDT holdings and airdrop 1:1 to all holders. maybe leave out the top 1% or 5% if you wanna bias away from orgs and towards ppl
inflation: constant 2% per year via rebasing
no offchain components, no issuers, no oracles. backed only by the hardness of a non-upgradable mainnet contract
why is this a bad idea?