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

Jacob Phillips 🌸

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RT @JacobPPhillips: TLDR
- @emptysetsquad proposing a move to 2-token model: ESD &amp; ESDS
- Stability becoming top priority; less reflexivity…

Frax Finance (¤, ¤) 🦇🔊

TLDR
- @emptysetsquad proposing a move to 2-token model: ESD &amp; ESDS
- Stability becoming top priority; less reflexivity 
- New model similar to @fraxfinance: to start, Mint 1 ESD for $1 USDC &amp; slowly lower collateralization ratio over time https://t.co/gJQglV96cv https://t.co/MkgK3hdV2F

introducing the next iteration of the ESD experiment.

https://t.co/uL6E9vXnQ4

RT @JacobPPhillips: TLDR. - @emptysetsquad proposing a move to 2-token model: ESD & ESDS. - Stability becoming top priority.