First, let me remind you that a little less than all decentralized steblecoins work according to the CDP (Collateralized Debt Position) model, that is: ⁃Users bring their crypto (ETH/WBTC/USDC/etc.) to the protocol (MakerDAO/Frax/etc.) as collateral, and the protocol lends (with or without interest) the corresponding stablcoins (DAI/FRAX/etc.) — thus, the user has a decentralized stablcoin in his wallet and a collateralized (secured) debt position in the protocol; ⁃ Peg is supported through a...
