Building a fully decentralized stablecoin is hard
And doing it with zero borrowing costs seemed impossible
fxUSD just hit $80M market cap, proving it works
@cyrille_briere from @protocol_fx explains how they made it happen.
Timestamps:
00:00 - Introduction
00:58 - How does fxUSD work? (and where yield comes from)
04:33 - Three key differences from regular CDPs
6:26 - Stablecoin landscape: only 0.3% are decentralized
9:02 - Defining decentralized stablecoins
11:25 - TVL growth
12:50 - Go-to-market strategy targeting DeFi leverage users
15:07 - Community-funded DAO: no VCs, no team allocation
16:36 - Liquidation break mechanism
19:50 - Stability pool and peg-keeping mechanisms
24:53 - Current fxUSD use cases
27:28 - Roadmap: shorts, limit orders, and new chain deployments
29:09 - Growing without VC pressure (or existential crisis)
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