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by chrisco255
1303 days ago
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Yes, that's why there's a spectrum of stable coins with varying levels of centralized control, governance, risk, etc. Stable-ish coins like RAI and LUSD are backed by ETH only, but they do not have a hard peg, they allow for some small wiggle room (typically <10%) that allows the protocols to catch up with dramatic supply/demand imbalances when they occur. |
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