Stablecoins are one of the most important components of the decentralized finance infrastructure. That’s why the quest for the perfect stablecoin has been ambitiously sought after since the dawn of decentralized finance. In the frenzy of decentralized finance innovation, algorithmic stablecoins, or “algostables”, have emerged and become extremely popular—but almost always seem to fail. A prime example of an algostable failure is the infamous Terra Luna UST collapse that sent shockwaves throug...
