DeFi Should DeDollarize and BlackBall EU, UK, & US Onchain Real World assets

How do you make a decentralized stablecoin resistant to state attack?
- It requires dynamic hedging with high liquidity onchain derivatives, fully collateralized but hedged
- This doesn't work if the margin used on the protocol is volatile, it cannot be done without real world assets
- Those real world assets can not be based on central entities and certificate of deposit in western jurisdiction
- The choice of real world asset onchain tokens allowed onto the derivative platform as margin or insurance fund collateral must be carefully chosen by a legal team to avoid commercial connection to the US
- all real world legal entity ties to the protocols and realworld asset tokens must be carefully constructed in offshore havens
- a fully collateralized but appropriately hedged btc and eth and crypto cross margined stablecoin contract can be fully decentralized unlike MakerDao, as long as the margin on the derivative platform cannot run away into a negative convexity curve collapse of volatility
- This requires hardening the collateral basket and credit exposure and insurance fund of the derivative platform to as many hard commodities and hard currencies around the world, in effect it would have to be mostly collateralized by real world commodity
- If the ecosystem is not hardened with real world commodities in a diversified enough manner, the western governments can collude to attack the price of crypto and commodities, it must be diversified in such a game theoretical manner that their attempt to do so would tank the global economy
submitted by /u/samdane7777
[link] [comments]