“Think about all the economic rents that are derived by firms engaged in that sort of activity, and it was a very important activity, creating trust bridges,” said Epstein. “Now smart contracts do that for us automatically. Think about how long it takes to settle a transaction, and what percentage of the year the market is open. Everything will now settle instantaneously, markets can function for 100% of the year, and decentralized finance makes it all possible. There’s a lot of value in that, and it has nothing to do with algorithmic stablecoins.”
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...