Empty Set Dollar

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Collateral-based stablecoins are both capital inefficient and carry risk to the underlying collateralized assets. Additionally, the total supplies of these stablecoins are constrained to strictly less than the available reserve assets on-chain. By iterating on existing primitives, and learning from prior experiments, we aimed to create an elastic-supply stablecoin not bound by these limitations.
Empty Set Dollar
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Collateral-based stablecoins are both capital inefficient and carry risk to the underlying collateralized assets. Additionally, the total supplies of these stablecoins are constrained to strictly less than the available reserve assets on-chain. By iterating on existing primitives, and learning from prior experiments, we aimed to create an elastic-supply stablecoin not bound by these limitations.
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