Let’s talk about stablecoins and it’s most important component: price stability or peg.

I will cover how DAI maintains a peg and how the system has evolved over time, including SAI, PSM, D3M, TBills & Ethena.

I will also include fiat backed stablecoins (and now tbill backed) and other decentalised stables such as LUSD and BOLD.

Come to learn and/or fight me.

ps: if anyone can explain PID mechanisms in detail that’d be awesome