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Sonic (S) Tests Algorithmic Stablecoin with Sky-High Interest Rates – Will It Repeat the Tragedy of US?
The layer-1 blockchain Sonic (S), formerly Fantom, is testing a new algorithmic stablecoin with interest rates of up to 23%/year. This information was disclosed by Andre Cronje, co-founder of Sonic Labs and one of the most influential figures in the DeFi world, on March 22.
Minimal USD (MUSD) – The New Generation Algorithmic Stablecoin?
Sonic's new algorithmic stablecoin is called Minimal USD (
). The interest rate adjustment mechanism of MUSD will depend on the amount of assets locked in the protocol (TVL - Total Value Locked), with levels:
Minimal USD (MUSD) – The New Generation Algorithmic Stablecoin?
Sonic's new algorithmic stablecoin is called Minimal USD (
). The interest rate adjustment mechanism of MUSD will depend on the amount of assets locked in the protocol (TVL - Total Value Locked), with levels:
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Challenge
Ethereum is the blockchain development platform of choice, but it has limitations.
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Solution
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One-click deployment of preset blockchain networks
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#mindchain is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
(https://mindchain.info/)
Challenge
Ethereum is the blockchain development platform of choice, but it has limitations.
Low Throughput
Poor UX (gas, delayed PoW finality)
No sovereignty (shared throughput/clogging risk, tech stack not customizable, governance dependence)
Solution
Mindchain – a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.
One-click deployment of preset blockchain networks
Growing set of modules for developing custom networks
Interoperability protocol for exchanging arbitrary messages with Ethereum and other blockchain networks
Modular and optional “security as a service”
Adaptor modules for enabling interoperability for existing blockchain networks
FEATURES
Mindchain combines the best of Ethereum and sovereign blockchains into an attractive feature set. Built by developers, for developers.
ETH Compatibility
Industry dominance, established tech stack, tools, languages, standards, enterprise adoption
Scalability
Dedicated blockchains, scalable consensus algorithms, custom Wasm execution environments
Security
Modular ”security as a service”, provided either by Ethereum or by a pool of professional validators
Sovereignty
Dedicated throughput/resources, fully customizable tech stack, sovereign governance
Interoperability
Native support for arbitrary message passing (tokens, contract calls etc), bridges to external systems
User Experience
Comparable to Web2, “zero-gas” transactions, instant (deterministic) transaction finality
Developer Experience
Equivalent to Ethereum, no protocol level knowledge required, no token deposits, fees or permissions
Modularity
High customizability, extensibility and upgradeability, short time-to-market, community collaboration
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9. Market tools: https://tools.mindchain.info
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Others,
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Mainnet,
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Project of Mindchain ecosystem
1. Exchanger : https://mindchain.info
2. Dex Exchanger : https://mindchainswap.com
3. Explorer: https://mindscan.info https://mainnet.mindscan.info https://v2.mindscan.info
4. DW: https://wallet.mindchain.info
5. CW: https://mindchainwallet.com
6. Payment getaway : https://pay.mindchain.info
7. News: https://news.mindchain.info
8. Academy : https://academy.mindchain.info
9. Market tools: https://tools.mindchain.info
10. Charity : https://charity.mindchain.info
11. Teatnet : https://testnet.mindscan.info
Others,
Consultant Programme, Validator Programme,
Mainnet,
Testnet,
#MINDCHAIN #musd #perrymind #wmind
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