403Course · Practitioner
Stablecoins
The plumbing of DeFi.
The plumbing of DeFi. Fiat-backed, crypto-backed, algorithmic — three approaches with three risk profiles, and a graveyard of failures to learn from.
- 01
Distinguish fiat-backed, crypto-backed, and algorithmic stablecoins.
- 02
Read a stablecoin's attestation.
- 03
Assess de-peg risk.
Prerequisites
- — Lending and Borrowing.
Pacing
~2 hours.
- IModule
The types
Three approaches, three risk profiles.
A Note from the Faculty
Algorithmic stablecoins have failed every serious test. Say so.