f(x) Protocol

Is it just distribution? Not really. BOLD lags because the peg floats and the interest rate model is too much for people who just want to borrow in peace. - The old story of CDPs not being scalable is BS. No, you can't mint trillions of an ETH backed CDP at once. So what? That was never the point. All they need is to be scalable ENOUGH, and mostly be decentralized and AT PEG. - Now the question about BOLD. This is a brilliant model. It satisfies the decentralization part 100%, but the peg remains too floating: the redemption mechanism isn't responsive enough. And I still think the user set interest rate is just too complicated for most people who wanna borrow with peace of mind, without PVP and without trusting a third party not to fuck up with their money. - Finally, I read comments about BOLD, LUSD, crvUSD... And no $fxUSD, which took a very balanced approach to the stablecoin trilemma with a very strong focus on what makes a stablecoin reliable and usable: PEG. On one hand it's frustrating, on the other hand it's very exciting. @protocol_fx keeps growing, fxUSD is twice as big as BOLD and YET lots of DeFi users still don't know about it. Aladdin DAO has been building DeFi CROPS aligned protocols since 2021 without VCs. A few fxUSD facts: - fxUSD reached a $127M market cap, now around $62M - It handles natural growth and shrinking of the CDP design beautifully, with a perfect peg - $fxSAVE, its main yield strategy, prints 8% APR, organically, onchain. - It can be on/off ramped for free with @mtpelerin - It can be minted 100% privately from shielded $ETH with @anondotinc - It can be (un)shielded for free on @RAILGUN_Project - Its Curve pool is often one of the most efficient. Just yesterday, it generated 40% of Curve's volume by itself.

Contest: guess who is market making $fxUSD to keep the peg this tight in every volatility event. Best answer gets bragging rights. Look at the chart first.