Stablecoins play a key part in the infrastructure of DeFi – they serve the function of a stable store of value for a financial infrastructure to function. This is particularly important as many cryptocurrencies are highly volatile assets. It enables investors to retain the value of their holdings by exiting their volatile asset positions and swapping for stablecoins instead without leaving the crypto ecosystem.
This report first examines the existing DeFi context, namely the importance of stablecoins, the cross-chain future, and the current capital inefficiency problem in DeFi. You may also gain a better understanding of what Abracadabra Money is, its core protocol features and how it fits in the general DeFi context.
Read the full version of the Abracadabra: The Magic Behind Magic Internet Money here.
