Hubble has been designed so that users can pursue the most predictable borrowing experience possible. This means that if you repay your USDH debt, you can always retrieve your collateral, and it also means that you can always withdraw your USDH from the USDH Vault at any time.
It's impossible to say where this war will end up, but we can look back and see how it originated. In this article, we'll focus on the origins of the Curve Wars and cover some notable events that made it possible.
In this article, we'll look at how Curve's 3Pool rose to prominence and became the de facto savings account in decentralized finance (DeFi). We will also examine how the winds have begun shifting against the 3Pool, and why it will most likely end up becoming a deprecated pool.
So, DeFi could be more decentralized; however, fiat-backed, centrally-issued stablecoins are not helping move the needle on this issue, and it's not just the crypto community that has noticed.
In Part 1 of this article, we'll cover some reasons why decentralized stablecoins matter by looking at the importance of stablecoins in DeFi and the importance of decentralization.
Stablecoins can be developed in many different ways. In our previous article on stablecoin capital efficiency, we took a look at how stablecoin developers face a trilemma between focusing on decentralization, capital efficiency, and price stability. We also asserted that arguments against the capital efficiency of a crypto-backed stablecoin, like