Working paper · 2020

Stablecoins 2.0

Ariah Klages‐Mundt, Dominik Harz, Lewis Gudgeon, Junyou Liu, Andreea Minca

The work provides a foundational theory for stablecoins through a risk-based functional characterization of their economic structure. It matches economic models to custodial systems and characterizes risks in non-custodial stablecoins.

Read the source ↗ · DOI

Constructsstablecoins; custodial systems; non-custodial stablecoins; cryptoeconomic systems

Key findings

Stablecoins have varying risks according to their design.
A model framework unifies existing models from economics and computer science.
Unique risks in non-custodial stablecoins emerge.

Topics: DeFi & Collateral

Cite this

Ariah Klages‐Mundt et al. (2020). Stablecoins 2.0.

BibTeX

@techreport{mundt2020stablecoins,
  title = {Stablecoins 2.0},
  author = {Ariah Klages‐Mundt and Dominik Harz and Lewis Gudgeon and Junyou Liu and Andreea Minca},
  year = {2020},
  doi = {10.1145/3419614.3423261},
  url = {https://doi.org/10.1145/3419614.3423261},
  note = {Indexed by Stablecoin Beat},
}

Indexed by Stablecoin Beat — we link to and summarise sources; we do not host copyrighted full text, and summaries are our own. · All research · Methodology