Stablecoins algorithmic or otherwise generally fit into a few categories as detailed in Anthony Zhangs blog Stablecoin Central Banking.
| Type | Advantage | Disadvantage |
|---|---|---|
| Fully Backed | 1:1 Redementions | Centralized, Regulatory Risk |
| Overcollateralized | Full Redemntions, Decentralized | Capital Inefficient |
| Undercollateralized or Algorithmic | Captial Efficent, Decentralized | Depeg Risk |
- RAI
- Basis
- Shutdown due to regulatory risk, with basis cash launching shortly after
- Basis
- FEI
- UST
- FLOAT
- Empty Set Dollar
- Dynamic Set Dollar
- DeFi Dollar (dUSD)
- MIM
- FRAX
- USDL
- UXD
- PUSD
- Algorithmic Stablecoins are impossible without continous funding
- Two Thought experiments on stablecoins
- Capital Structures for Stablecoin Protocols: the Revenge of the Sith
- Captial Structures for Stablecoins: Funding
- How Frax beats the Rest
- The seniorage stablecoin model
- Beware the Coupon Clipper: The Insurmountable Flaws of so-called Algorithmic Stablecoins
- Designing Money: A Functional Trilemma for the Digital Age
- Terra Thread
- Anchor to big to thrive
- Hackernoon Algostables
- Leminscap Algostablecoins
- A visual explanation of algo stables
- Coingecko List of Seniorage Shares
- Stablecoin Growth from the Block)
- A minimal stablecoin implementation
- Rico Credit System