Any algorithmic #stablecoin that's not overcollateralized is a Ponzi scheme and is bound to fail. Don't bother your brain too much trying to read any other explanation of the mechanism. #cryptocurrency #crypto
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We can't believe upon anyone or anything.. Market situation has damaged brain of everyone..
I think my 🧠 is still working fine tho... lol
It's happiness for Me....haha...
Overcollateralization is the only way to prevent market manipulations. That's why we see strong DAI but weak other algo stables