Remember https://kinesis.money/ ?
It’s honestly a really cool project. I think people are just inherently distrustful of vaults and the auditing process
Discussion
I can understand why people would be skeptical. Nobody wants to give up their control over their assets. But it could speed up the adoption of crypto. Stablecoins are interesting, but they don't protect you from USD dilution.
I agree. Have you heard of other projects like Kinesis? There has to be more.
nostr:npub1g7lqk25fl24xd0zh7hr8jgp5smdy2eszjh9nmv7z7w85h6xcs9hq4u8yd9 what do you think about precious metal stablecoins?
I haven't really done a deep dive yet. I probably should. Do you use Kinesis?
I haven’t put money in it yet, but I was thinking about it a couple years ago. I just liked the idea a lot. The details of how it works is cool.