Lots of talk lately about stablecoins. What's your favorite?? IMO I hate Tether and I'm a big fan of havven. Would love to see what everyone else is into
This is the first time I've heard of Makerdao and Basecoin, to my understanding Havven is a new entrant in the stables and their dual token system to reduce volatility is a unique model. But why Nomin tokens ?
The way I understood it was on their site:
https://havven.io/how-it-worksthis is a short explanation of their dual token system:
The Havven platform uses two tokens to achieve stability. The havven token provides the collateral for the platform. Nomin tokens, a stablecoin, are issued against the value of the collateral token. This dual token approach incentivises users to hold havven tokens because network transaction fees are paid to havven holders. As more people use nomins for everyday transactions, the value of havven tokens will increase due to the higher fees generated.
Havven is a totally decentralised stablecoin, which means that, like bitcoin, it is secure and resistant to censorship. However, in contrast to Bitcoin, Havven uses a decentralised asset to reduce price volatility. The asset backing for the stablecoin comes from transaction fees generated by the Havven network. This means the asset is distributed and cannot be lost, stolen or seized.