How To Buidl A Self-Sustaining Stablecoin Flywheel With Reserve Currency Protocols

More Stablecoins?

Inspiration Taken From FEI Protocol

How Does A Reserve Currency Bootstrap The Creation Of Their Own Stablecoin?

Part I — The Accumulation

Part II — Introducing vUSD

vUSD Mechanism

  1. Mint vUSD — buy vUSD at a 1:1 ratio in exchange for DAI or MAI plus a fee of 10 bps
  2. Redeem — sell vUSD back for $1 of assets, minus a fee of 10 bps.

Part III — The Flywheel

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