As stated in the prospectus any product, commodity or index can be used as the basis of value of the tokens to determine and hold the value to in the units in the crypto block chain.
If you can do it, I think it would be better to have a
terra-like reference currency or use directly the
CPI you like more.
But I don't understand how can you make a terra without storing the actual commodities.
How is the value of the dollar, euro or bitcoin linked in a way that you can hold bitcoins to back oil?
Can't the trust go bankrupt?
Even if you could do it, how do you make the CPI decentralized?
This second problem is the main issue I see with
this other proposal.
I'm not sure I've understand options correctly, but maybe that's what the trust should accumulate.
Also, If you get to put the CPI inside the chain, I'm sure someone wants to use it make an alternative chain with a monetary base that depends on prices. The problem I see with that is that you may over-reward miners during periods of inflation creation.