How about Fedimints + stability pools = low barrier to entry decentralise Eurodollar system :)
Basically Jeff Snider is correct but we still win.
The same drivers for establishing Eurodollar system are true, he's correct about incentives but once you have "Bitcoin Stability Providers" (BSLs...?) Bitcoin allows it to be done more, cheaper and better 😂
Which source or idea do you refer to when you say “Jeff Snider is correct”?
Mainly that the market wants dollars, doesn't care how they're issued, is willing to take risk and will seek out the easiest way to make this happen.
The piece I don't think he appreciates is that this is true or everyone and Eurodollar is heavily gated to large institutions.
Fedimints+Stability pools takes this and democratises access so a small community can now run Eurodollar style system with minimal risk
It's objectively better, lower risk, better settlement guarantees etc
This is probably missing nuance as an answer :)
Just getting familiar with stability pools now. This is quite brilliant actually.
Are you also already looking into integrating the stability via DLCs?
Also how about "where does liquidity come from for stability pools"
We're there. This is classic "other stuff" :)
So we get "Frostr" and have Federation Guardians automate notices that are verifiably co-signed by the guardians published on Nostr
"Hey we have an interest rate here at xyz% come add funds to our stability pool"
Nostr becomes a marketplace to connect liquidity to earn a fee on Bitcoin. Match this with fidelity bonds for mints etc for trust :)
This proposal seems to be describing something similar:
stability pools using spacechains
Rather “SSP” btw:
Stability Service Provider.
