We hope to make a version with illustrations, in order to make the technical explanations easier to understand.
This video explains:
• how we predicted UST's collapse years in advance
• how to tell safe stablecoins from unsafe stablecoins
• how the industry can prevent this disaster happening again
Timestamps
0:00 - Terra's Paper Conclusion Intro Thoughts
2:36 - Market Simulations Biases
3:32 - 2019 Prediction of UST's Crash
6:52 - Predicting a SC's Stability:
9:20 - A) 100% Backed Stablecoins (Fiat or Stable Assets backed)
10:16 - B) Overcollateralized Stablecoins
11:30 - C) Algorithmic Stablecoins
12:40 - Nevin's Regret on Algorithmic Stablecoins in the Crypto Space
14:24 - Deep Explanation on Algorithmic Stablecoins (UST)
19:15 - How and Why Algorithmic Stablecoins Fails
21:42 - Why did the Algorithmic Protocol Failed
26:24 - What happens to LUNA and UST during a big dip
29:52 - UST's Bank Run Situation
34:53 - Hybrid Algorithmic Stablecoins
37:06 - Deep Explanation on 100% Backed Stablecoins (Fiat or Stable Assets backed) (USDC))
38:00 - Why Regulation and Audits are needed
39:22 - Deep Explanation on Overcollateralized Stablecoins (DAI, Djed Soon)
40:04 - Worries About Under collateralization
41:28 - Solutions to Prevent Under collateralization
43:16 - How a Bank Run Could Happen (Extreme Example)
44:35 - Nevin's Preferred Stablecoin Protocols (100% Backed and Overcollateralized)
45:41 - Nevin's Thoughts on Preventing LUNA/UST's Type of Collapse
46:45 - Stablecoin Regulatory Bodies as a Solution
48:04 - Regulatory Ideas (Label Warnings) as a Solution
50:26 - Implementing (George) Soros Attacks to Tests on Stablecoins' Stabilities Along its Growth
53:40 - Treasury Allocation for Internals, 3rd Party Regulators and Stress Tests
54:23 - Closing Remarks and Meeting People to Prevent Future Stablecoin Collapse
