Vitalik: The crypto industry needs better decentralized stablecoins; three issues still need to be addressed.

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According to TechFlow TechFlow, on January 11th, Vitalik Buterin posted on the X social platform, stating: "The current crypto industry needs better decentralized stablecoins. In my opinion, there are three issues:

1. Ideally, a more suitable tracking index than the price of the US dollar should be found. Tracking the dollar is acceptable in the short term, but in my view, part of a national resilience vision should be independent of this price indicator.

2. Design a decentralized oracle that is not easily captured by large sums of money. Without a decentralized oracle, to prevent attacks or manipulation, the capture cost (i.e., the cost to an attacker) must be higher than the market value of the protocol token.

3. Resolve the problems arising from competition for collateralized lending yields. If the issue of collateralized lending yields is not resolved, users will face annual returns of less than a few percentage points, making it difficult to attract funds in the long run.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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