X @Ignas | DeFi

Stablecoin Initiatives - Solana is considering a chain-native stablecoin, similar to Hyperliquid's approach [1] - The proposed stablecoin model involves a CDP (Collateralized Debt Position) mechanism with SOL as collateral [1] - The stablecoin should be overcollateralized, leveraging SOL staking yield to redistribute yield to borrowers and lenders [1] Risk Mitigation - The design emphasizes decentralization and aims to avoid the pitfalls of previous failed stablecoin projects like Terra [1] Potential Impact - The implementation could lead to significant "pumpenomics" (price appreciation) for SOL [1]