Vitalik just identified 3 "deep flaws" in current decentralized stablecoin models:
The Oracle Problem: Oracles can still be manipulated by "big money." If an oracle can be bought, the whole system collapses.
The Yield Gap: Stablecoins struggle to compete with native staking yields. Why hold a stablecoin when you can get more from staking ETH?
USD Dependency: He urges us to stop pegging everything to the Dollar and find indices that reflect real purchasing power.
He warns that without solving these, many protocols are just "straw houses" waiting for the next big storm.
Is it even possible to build a stablecoin that is 100% decentralized and competitive, or is the "Stablecoin Trilemma" unbeatable?
Standard Sats has begun from fiat channels and pricing fiat in sats. What is lesser known is out aim to build markets for derivatives that would help to make this vision of procing everything in sats to the level of real commodity delivering. But this is too long and too risky way to go.