RAI, an Ethereum-backed algorithmic stablecoin, is noted for its deviation from traditional corporate structures. However, it faces challenges in balancing its stability mechanism with the growing demand for ETH staking. Enhancing the robustness of its oracle system is also a priority to ensure reliable price feeds.
Issuer-backed stablecoins have been exploring innovative legal frameworks to enhance security. Some have implemented mechanisms requiring multiple parties to agree before freezing funds, offering a more secure alternative to the current status quo.
RAI's ETH-Backed Stability Faces Challenges Amid Staking Demand
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