PAPER GO BRR
A series of keynotes from our upcoming litepaper fleshing out the design behind the BRR and ARCADE tokens
Introduction
Free Floating Collateral Backed Assets in DeFi
In the last DeFi cycle, OlympusDAO explored free-floating collateral-backed assets, aiming to advance a decentralised financial system. However, the experiment ended in January 2022 with unsustainable yields and price growth, leading to cascading liquidations and significant losses.
Since then, the market has evolved, and the approach of decentralised reserves needs to adapt to avoid past pitfalls. By leveraging supply and demand to generate premiums on market value against backing and supporting a diversified basket of reserve assets, we can innovate for DeFi's killer app: yield farming.
Further reading
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