Join us for an in-depth discussion with Zygomeb, founder of EtherealDAO. This episode explores the unique features of EtherealDAO, such as its EUSD synthetic token and innovative peg-keeping mechanism. We also discuss why Radix was chosen as the platform for this initiative, emphasizing its advantages over Cardano in aspects like fast finality, throughput, native assets, atomic composability, and safety guarantees. Additionally, the episode covers prominent stablecoins in the broader crypto ecosystem and those specific to Cardano.
Outline:
00:00 Introduction
02:35 Zygomeb's story
03:59 O-ADA
05:52 Zygomeb's approach as builder
09:50 What is Ethereal DAO?
13:38 Details on the current stablecoin designs
20:17 Implications of upcoming European regulations (MiCA) on stablecoins
23:13 Stable coins on Cardano
29:15 How EUSD keeps its peg?
31:02 Why is DJED the simplest algorithmic stable coin you can design?
31:38: Why is Ethereal DAO being built on Radix rather than Cardano?
33:20 Why Cardano needs enable more interoperability/composability for its DeFi ecosystem to flourish?
34:00 How does Cardano's permissionless batcher system improve dApp interoperability?
35:31 Why atomic composability matters?
40:45 Why is fast finality and high throughput is important?
41:55 How does the Ethereal system stay out of an inefficient state?
47:02 When Ethereal DAO launch?
49:28 What are the fundamental security guarantees offered by Radix?
51:37 How do native assets make development easier?
54:10 How are Native assets on Cardano and Radix different?
55:55 Why is the ability to freeze or recall important for certain assets?
58:37 Teaser on O-ADA, the most degenerate DeFi asset to be released on Cardano
01:00:49 Is iUSD a stablecoin or not?
1:04:10 Conclusion
Follow Laura & Sooraj:
https://twitter.com/DiMoneymindset
https://twitter.com/Soorajksaju2
Connect with Zygomeb:
Twitter: https://twitter.com/zygomeb
Zygomeb's's Projects:
https://twitter.com/OptimFi
https://twitter.com/EtherealDAO
Subscribe to the FREE daily Newsletter “Just The Metrics”:
https://justthemetrics.beehiiv.com/
Referenced in the show:
https://www.ethereal.systems/EtherealUSD_Litepaper.pdf
https://etherealsystems.medium.com/
https://cexplorer.io/article/understanding-cardano-batchers
https://spectrumlabs.medium.com/cardano-amm-dex-protocol-powering-cardano-defi-with-transparency-1669e31af3ba
https://docs.indigoprotocol.io/
https://djed.xyz/
https://github.com/input-output-hk/djed-stablecoin-prototype
https://docs.frax.finance/amo/overview
https://docs.makerdao.com/
https://docs.liquity.org/
https://www.radixdlt.com/blog/how-radix-engine-is-designed-to-scale-dapps
https://github.com/cardano-foundation/CIPs/tree/master/CIP-0068
https://learn.radixdlt.com/article/what-are-native-assets
https://twitter.com/SoorajKSaju/status/1704596534082302299
https://mehen.io/blog/
#JustTheMetrics #cardano #radix #stablecoin #tech #blockchain
This is no financial advice. This channel is strictly educational.