Vader Stablecoin (USDV) Shuts Down – The Reason Why Another Stablecoin Falls

Despite months of research, Vader protocol decides to shut down its stablecoin after failing to find a capital-efficient solution.

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Vader Shuts Down Stablecoin USDV

The Vader protocol was an algorithmic stablecoin network that was intended to be comparable to the Terra network, however it ultimately failed. In order to ensure that $1 is always equivalent to 1 USDV, it was intended to promote arbitrages. The next half a year was spent by the Vader team scouring the internet for information on how to improve the app's security. Instead, the authors of the app have built a redemption gateway so that users may access the remainder of the app's treasure. (Read More)

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