H2O: A Crypto Native Stable Currency

Rebasing is the means of last resort and we may not actually need it in the end. We are exploring different ways of using collateral that might eliminate the need for rebasing.

We are always re-evaluating methods of stabilization in light of the experiences we observe from other stablecoins. At the end of the day, our main innovation is in the way we define stability, not in the way we achieve it. I think using Luna for stabilization is an interesting idea.

To add some content for comparison’s sake, Meter.io is a relatively unknown project, backed by Panterra Capital, that includes an “unpegged-to-the-dollar” stablecoin based on global electricity prices. https://www.meter.io/

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