ZSA Shielded Stablecoins

[noamchom]

Pulling this Z-stablecoins discussion out of the Community Grants Minutes Notes

@Milton

We don’t need to create our own decentralized stablecoin on Zcash. We can bridge decentralized stablecoins from other chains.

100% - no need to reinvent a wheel; particularly wheel(s) that we don’t have the expertise with

@noamchom

When asked about customer input in the development of the Ford Model T, Henry Ford famously said, “If I had asked people what they wanted, they would have said faster horses.”

We shouldn’t be trying to make faster horses right now!

See The Last Swing of The Stick - #45 by JoakimEQ

DAI can work, USDT and USDC might get frozen on the bridge contract if it becomes popular.

@pkr

It’s high time to embrace decentralized protocol integrations for ZEC and stop lighting money on fire trying to wine and dine some politician.

@skyl

Stablecoins should be backed by what they represent

Uh. What is dai?

I’m a ZDAI or DAIZ dreamer (Shielded DAI). For the next 3-5 years ahead, that is probably the closest solution that we’ve even got a moon shot chance at delivering.

1st major dependency - when do ZSAs go live
2nd major dependency - who receives the grant/ does the work to build ZSA-DAIZ