this post was submitted on 19 May 2024
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Does anyone know an unfreezable stablecoin that is the least at risk of becomming another TerraLuna? I love Monero but its too volatile to keep 100% of my life savings in an unfreezable stablecoin is CRUCIAL. This is such horrible news. Fuck Rune Christiansen for this shit!!

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[โ€“] Scolding0513 5 points 8 months ago* (last edited 8 months ago) (4 children)

what's wrong with PureDAI? they wont allow other stables to be collateral, which is really good. Or will it also have a freeze authority like the other stable? idk that much so you need to provide some context bro.

anyway there is one on Solana that functions very similar to DAI, it's called PAI (Parrot). Also RAI o. ETH but it's not collateral based

[โ€“] [email protected] 5 points 8 months ago (3 children)

https://forum.makerdao.com/t/reconciling-the-two-opposing-paths-for-decentralized-stablecoins/24280

It will become the next Terra Luna. They should make it new projects but they want MKR tied to its governance. Its all a cash grab and so sad. Thank you for the alternatives.

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