Vitalik Unmasks True DeFi: The Algorithmic Stablecoin Revelation
He asserts that ETH-backed algorithmic stablecoins move the counterparty risk away from the user and into the arms of market makers, a transfer that lets the saver stay with their keys while the risk takes a stroll with those who wear the risk like a heavy scarf in a crowded room.
![The binding of vortices and antivortices, mediated by current-current coupling between paired [latex]p+ip[/latex] topological superconductors, fosters a composite condensation resulting in a [latex]4e[/latex] topological superconductor exhibiting coexisting superconductivity and a bosonic chiral [latex]\mathbb{Z}_{3}[/latex] topological order further enriched by remnant [latex]\mathbb{Z}_{4}[/latex] charge symmetry.](https://arxiv.org/html/2602.06963v1/vortex.png)





