That's called staking and not yield bearing stablecoin as I understand.
Yield bearing are those stablecoins that rebase its token price to higher price overtime due to its nature which is yield bearing, it bears the yield and built in into the token.
One example is cUSDO by openeden which rebase its token price. as for GHO, its just stable coin with staking program, the title is misleading.
In the
Galactic Milieu we too avoid "dividends", because as dividend-day approaches the spot market prices tend to climb, then drop back after the dividend has been paid.
We prefer to accumulate the value into the asset itself, which also provides an incentive for players to sell such assets; particularly in role-playing games it has been apparent over quite a number now of decades that players typically prefer never to part with anything that just keeps on providing them income without needing to be parted with to access that income, so such an incentive to sell can be useful.
(For those familiar with whatever Dungeons and Dragons rulebook or supplement introduced for example "Odin's Ring" (Gods, Demigods and Heroes, probably?) which generates a ring of gold daily, have you ever seen a player actually sell Odin's Ring rather than just hang on to it or give it to someone else maybe as a gift, basically passing it down in the group or family type of thing?)
In the Milieu when people do end up selling, the spot markets often end up being "dumped down" thereby, resulting in such "dumps" being bargain-buying opportunities, as nothing in typical "spot markets" forces anyone to sell for the actual calculated (from the "treasuries") value of whatever they choose to sell.
We also of course deprecate adding more stuff into one's "treasury" while spot market prices are tending to hang down below the value calculated from the treasury.
(Calculation from treasury is simple, we just divide total value of treasury by number of units issued of the asset, e.g. 21 million or so for IXCoin and I0Coin.)
So from the sound of it the Milieu might no longer be the only project whose assets' stability is designed to be a constant rise in value rather than, like so called stable assets that track fiat value, being in effect designed and intended to lose value over time?
-MarkM-
