Quote from: tarmo888 on Today at 02:37:19 PM

Quote from: xenon131 on Today at 10:01:05 AM

Quote from: tarmo888 on April 27, 2021, 12:02:54 PM

What's your argument now? That it's not a stablecoin because it's not listed on centralized exchange? Or you just whine about small liquidity because small marketcap?

You can sell OUSDV2 to GBYTE and GBYTE to BTC or USD.
https://ostable.org/trade/VLKI3XMMX5YULOBA6ZXBXDPI6TXF6V3D/buy-redeem

I don't whine about anything. I like transparent stuff. You answer has proved that 100 OUSD can not be swapped to 100 USD. If I use OUSD-Gbyte then Gbyte-BTC and BTC-USD route afterwards I will get far less than $100. That is why I would rather consider this particular asset as algorithmic asset which remains relative "stable" within its bounded algorithm but not in the real life.

The word is bonded, not bounded. And there is GBYTE-USDT market too, just low volume. Just because USD stablecoin doesn't have direct fiat off-ramp, doesn't make it algorithmic stablecoin. If you have to go multiple pairs until getting back into fiat, you might get back even more than 100 USD too, this has nothing to do about what typr the stablecoin is, but all about what markets it is being traded on.

You are making up new words, there is not such stablecoins as Bounded stablecoins. The prices that Bonded stablecoins use are not bounded, but bonded - means that the prices are bonded with some other value (such as supply) on a bonding curve.

There are algorithmic stablecoins, but these are usually not backed by anything and just inflate or deflate their supply to keep the peg.

Bonded stablecoins are as algoritmic as any AMM exchange - it's not overcollateralized, it doesn't have margin calls and it doesn't have liquidations.

Quote from: tarmo888 on Today at 02:37:19 PM

The word is bonded, not bounded.

Don’t nag. That was just a typo on my part. By continuing debate about "bonded" or "algorithmic" ( which back burner issue, by and large) you are leading away from the main matter I have put in front of you - those assets which you call "bonded stablecoins" are not stable at all

Quote from: xenon131 on April 25, 2021, 08:23:46 AM

Asset which is not sustainable is not entitled to be called stable.

Look, a couple months ago I have bought 100 OUSD for around $100. Right now I can swap those 100 OUSD into 1.0587Gbyte and sell them (via BTC) for ~ $76.7 (even less). IMO, fancy stability Cheesy