A new era begins today!
Welcome $SPOT
Inflation resistant store of value.
#SPOT
Convert your stable to hedge against inflation by minting $SPOTSpot.cash
Thread 🧵 coming soon
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Today we will be launching SPOT, an inflation-resistant stable asset designed to operate under all market conditions that can safely wind down to zero users without bailouts.
SPOT reflects our work on stablecoin designs over the past 4 years 😅
vimeo.com/manage/videos/7789…
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For those screaming crypto has failed, take a look this is history in the making. Maybe after all this breakage in centralized services people will start to see why we need these robust DeFi primitives to build a system that CANNOT be evil
Only $SPOT can achieve the following
-inflation resistance
- avoidance of bank runs
- no reliance on bailouts or liquidations
markets
- ability to wind down to O users and reboot
(i.e. staying solvent)
- not reliant on continual growth
- no explicit feedback loops