Hello folks.
Since last May, we’ve been building an immutable $1 stablecoin, using what we learned from RAI and concepts from Liquity.
As of today, there are 165B of stablecoins on Ethereum, but greater than 99% of those are not immutable. I believe there is an underserved market for immutable stablecoins, but there have been technical hurdles to addressing that market.
RAI Dollar has solved some of those critical hurdles.