Empty Set Dollar (ESD) is a stablecoin and a reserve currency of DeFi. Managed by oracles with new protocol mechanics to overcome the disadvantages of other rebasing tokens.

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Empty Set Dollar

Ben Simon

RT @benjaminsimon97: Excited for the next phase of ESD, hopefully w/ more stability and less harmful reflexivity.

Continuous ESD is simila…

Excited for the next phase of ESD, hopefully w/ more stability and less harmful reflexivity.

Continuous ESD is similar to Frax, but w/ 2 key differences:
- redemp. price = reserve ratio (early redeemers not privileged over later ones)
- ESDS not used as collat. (at the outset) https://t.co/TVjbiOHYbz

introducing the next iteration of the ESD experiment.

https://t.co/uL6E9vXnQ4