Who thought this was a good idea?
I honestly did. We have many reserves to “scare” attackers trying to depeg the stable coin.
But I underestimated human greed: if there is a profit easy to be made, someone will inevitably try to yield that.
So, this mechanism was challenged and failed miserably.
Someone made a good profit, and someone lost a lot of money; this was inevitable and of no interest to me.
What I want is: lessons learned.
I think we need some kind of scaling solution. Probably one distant day it will be possible to have a stablecoin in LN using Taro. But in the meantime, we have to work with what we have available.
Anyway, the amount of research is amassing on my “desk” and I am lagging.