Quote from: Tushar Ramani on January 04, 2021, 05:15:53 AM

Well, I have looked into it and I found it interesting as well. Projects like Benchmark are a little bit difficult to understand from an investment point of view. An ordinary investor will certainly face difficulties in understanding the concept. So, what I can suggest to the team is to create a motion graphic explainer video and explain with a real example.

Coming to the point, IMF seems quite old and well-established. I actually like the concept of SDR. The main reason behind adoring DSR will be backed with the world's top currencies which will absolutely vanish the volatility. Yes, stable coins indeed do that as well but how are they backed? For example, if we take USDT from a pegging perspective, investors will have to think about the following points:

20B circulation with nothing backed
No proof of funds either
Banking partner on the Bahamas
Lawsuits are pending
No physical operation location
Without any regulation
Prints n x USDT like feds

Check this thread entirely: https://bitcointalk.org/index.php?topic=5301025.0

So, similar to XRP, if SEC starts investigating Tether, the situation to projects pegged to USDT will face high intensive price volatility. So, I think pegging to SDR concept makes difference in terms of the long-term value of any project.

Yeah, that is true. USDT can become a nightmare if touched by SEC. So, overall what do you think of SDR being pegged to DeFi?