ACROSS THE CHAINS: The Best Stablecoins in DeFi and Why Others Have Failed

Blockbytes

Welcome to Across The Chains! I'm your host, Mark Jeffrey, and will be joined by the great Blockbytes Host, Corval, as well as Justin Bebis, CEO of the Byte Masons which developed Ethos Reserve. We will be discussing the attempts at establishing stablecoin dominance in the space between USDC, USDT, DAI, MIM, UST (LUNA), LUSD, crvUSD, as well as $ERN of Ethos Reserve. Ethos Reserve is special because it can deploy its underlying assets to DeFi yield strategies, as well as manage their risk and liquidity block-by-block. Ethos Reserve Medium Article By Justin Bebis: https://medium.com/byte-masons/introd... ------- Is Rainmaker the Best Defi Wallet? In this video, we dive into what sets Rainmaker apart and why they’re calling themselves the “Robinhood for DeFi.” If you're seeking investment opportunities in the DeFi space, Rainmaker has got you covered. The app has an easy 1 click access to over 30 investment strategies on Ethereum, Arbitrum, Avax, and more on the way. With Rainmaker Wallet, say goodbye to crazy gas fees when swapping crypto. Thanks to its use of account abstraction, Rainmaker eliminates the need for gas fees, seed phrases, and offers one click access to all your favorite DeFi protocols. Visit https://rainmaker.nyc and use code Blockbytes to start using Rainmaker today. -------- Today's show would not be possible without our wonderful sponsor, Shimmer Network. Shimmer is a DAG based feeless Layer 1 network that is fast and highly scalable. You can learn more by visiting shimmer.network. TIMESTAMPS: 00:00 Welcome To Across The Chains! 2:30 The Current Stablecoin Ecosystem 6:00 What is the Stablecoin Trilemma? 9:55 Origin of Stablecoins VS Origin of Bitcoin 11:25 Stablecoins Need A Great App 14:10 $DAI | Maker 15:55 $MIM | Abracadabra 21:30 The Failure of LUNA | $UST 26:30 Stablecoin Market Dominance 28:20 What is Beanstalk? $BEAN 37:00 Assessing New Companies and Projects 41:10 $LUSD | Liquity Protocol 49:30 $ERN | Ethos Reserve From Justin Bebis 1:10:00 Thank You For Tuning In! ---- Nothing you read/see on Blockbytes YouTube or blockbytes.com should be considered financial advice. Please use all of the information available to you and do your own research. There are many risks inherent with Crypto currency investing which includes up to complete loss of funds. So please never invest with money you cannot afford to lose. All of blockbytes content is for entertainment purposes only and the opinions of the presenters and guests do not necessarily reflect the views of Blockbytes LLC. Nothing you see in any of the blockbytes content should be considered a solicitation to buy or sell any assets. Any links of which Blockbytes receives a commission will be clearly marked as such. If you like the content that we produce and can use the products then please consider using our referral links above.