Badge Discussion: "Stablecoin"

#1

I would love it if we could have a basket of stablecoins, similar to the proposed index fund.

As for conditions of the badge, does the token need to have a peg? Most stablecoins try to achieve a price target based on stable assets like gold and fiat currencies, while something like Saga (asset backed stablecoins) aims to slowly de-peg once their tokens gain adoption. Limiting the scope to pegged stablecoins though makes defining the conditions simpler:

  • The token must have a price target (USD, gold, etc).

  • The token must have a defined mechanism to maintain the peg.

  • The token price must faithfully follow it’s price target within T period of time prior to badge submission. (volatility limit? perhaps use moving average?)

Perhaps there should be an additional policy for removal? Broken stablecoins should be detected & removed ASAP

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#3

Tokens with this badge would be put on top of the kleros.io list for payments.

#4

I put this doc for describing the rules:
https://docs.google.com/document/d/1UnXimiOOLweZt1Z9mvVyp2t-ExzTTrW7M8iN2yCSWiI/edit

#5

badges-stablecoin
badges-stablecoin2794×2851 465 KB

Which logo would you prefer for the stablecoin badge?

#6

Pretty! I like 3A the most. The contrast to show demand and supply is very cool though, I prefer 3C if we go that way.

#7

Last chance to put comments on the doc before we finalize the badge: https://docs.google.com/document/d/1UnXimiOOLweZt1Z9mvVyp2t-ExzTTrW7M8iN2yCSWiI/edit .

#8

Well!! Thanks… Are you aware of this best stablecoin that offers the best returns on investment, that stablecoin are Tether, MakerDAO, TrueUSD, Carbon, Kowala.

#9

@muzammil
The badge is live, you can add those through tokens.kleros.io and get a part of the 2 000 000 PNK given to people listing tokens.

1 Like