PANews news on October 27, decentralized lending platform Liquity has supported minting LUSD on the Starknet blockchain, which is the first L2 that supports native minting of LUSD, a feature launched by Nimbora, but because it is still in the alpha stage, the number of staked Ethereum only supports 0.2 ETH. Over time, the cap will be raised or lifted. Related: Decentralized stablecoin leader Liquity's business status, opportunities and challenges

Liquity announced on the X platform that LUSD has launched Starknet, the integration is currently in alpha phase, and the collateral deposit cap is 0.2 ETH, which will be lifted over time.

Analysis of the Stablecoin Landscape: What are the opportunities and challenges of decentralized stablecoins? Some inspirations from the stablecoin market: 1) USDT and USDC have achieved product and market fit, meeting market and user needs; 2) Despite the growing number of projects in the category of stablecoins backed by cryptocurrencies, USDT and USDC dominate the market share, proving that there is currently no need for alternatives; 3) The increase in DAI’s savings rate helped DAI gain market share for a period of time, and its dominance among crypto-backed stablecoins is unchallengeable; 4) The limited adoption of other cryptocurrency-backed stablecoins suggests that their success and potential may be overestimated; 5) The feasibility of algorithmic stablecoins is uncertain because FRAX is also trying to stay away from algorithmic mechanisms. 1) DAI: In essence, the MakerDAO team’s decision to focus on protocol tokenization is not a bad thing commercially, but it will certainly bring about some problems, including a lack of innovation, reliance on a central authority, and no significant value proposition. wait. On the other hand, high adoption rate and value storage will also bring some opportunities to it; 2) FRAX: FRAX V3 will be released soon, and market rumors say that its dependence on USDC will be canceled and will be backed by US treasury bills. Therefore, in my opinion, the challenges it will face include dependence on centralized players, the leadership team’s confusing and ever-changing vision, and the lack of FRAX holders and users. On the other hand, FRAX will also gain some opportunities in terms of capital efficiency 3) LUSD: One of the most forked stablecoin projects in the ecosystem. With the launch of Liquidity V2, a new model will be developed using the delta neutral method to maintain the value of collateral, but it will also face Several challenges, including limited scalability, lack of users and use cases, liquidation risk, etc.; 4) crvUSD: So far, the market value of this stablecoin has been gradually increasing, but it only has 600 holders, which has to make people worry about the scalability of the product. Of course, its unique liquidation mechanism is an innovation, which can prevent hard liquidation to a certain extent and improve the scalability of stablecoins. (Reposted from mirror)