FTX investor Temasek pours $10M in algorithmic currency system Array
Singapore's government-owned investment firm Temasek continues investing in cryptocurrency projects even after losing hundreds of millions of dollars to the collapsed FTX crypto exchange.
From Array on Medium: Array Go Has Launched: ArrayFi’s Answer to AI in Blockchain
Array Go is an AI-powered algorithm with all the benefits of the bounding curve, such as stability and risk mitigation. It is a full AI that is not under the control of any human or institution. Array Go drives itself based on 100% market action. In order to ensure the value of the token remains stable and predictable for investors and traders indefinitely, a traditional bonding curve is implemented manually to a smart contract that governs the issuance and trading of $ARA.
So, as big banksters scare people away from algorithmic stablecoins... investors are still investing in their development! Good to know.
Algorithmic defi will be the way forward, once all the scammy pools have scammed their last (will they ever? calling out unislops) and some robust algos implemented.
Full collateralisation is stupid - and a con - the very opposite of fractional reserve banking. Smell the banksterscam.
bankster forked tongue speaks.
Stablecoins must be 100% collateralised...
Banks that want to be 100% collateralised will NOT be granted a licence!
Fractional reserve for banks, but not for crypto.
Which one is more designed to be unstable?
How many mass of morons even know this has happened?
Well, this is weird...
and embarrassing...
Temasek denies investing in Array as another crypto project issues confusing announcement
No response as yet on Discord or Twitter.
I don't see the point, but... any DD will now look really bad.
what's with all the shistlin? lmao
still whistling...
oh, skip the cartoons, here's a human...
Interesting, but looks in some ways like DJED on Cardano - mainly that it is over-collateralised. I still don't see the point of that as an idea - apart from creating a large buffer. But there must be better buffers than a bloat-coin.