Hydration's all-in-one DeFi stack brings together swaps, native stablecoin $HOLLAR and borrowing and lending in one place. Ecosystem lead Ben McMahon explains how it works:https://t.co/5K8GqmNNOR(Sponsored post by @hydration_net) https://t.co/IFgT76UNYX ...

Core Insights - The Polkadot community is voting on a proposal for pUSD, a native stablecoin fully backed by DOT tokens, aiming to reduce reliance on USDT and USDC [1][2] - The proposal has sparked controversy due to its association with Acala, whose previous stablecoin aUSD collapsed, raising concerns about trust and governance [2][3] Proposal Details - The pUSD proposal is detailed in RFC-155 and utilizes the Honzon protocol, previously linked to Acala's aUSD project [1] - Current voting shows 74.62% in favor and 25.40% against, with an approval threshold of 80.40% [1] Community Concerns - Prominent community members have expressed opposition to the proposal, citing Acala's involvement as a significant risk [3][4] - Specific conditions for support include ensuring no Acala team members are involved and establishing oversight for governance and risk management [4] Strategic Vision - Polkadot founder Gavin Wood has advocated for a multi-track stablecoin strategy, emphasizing the necessity of a native stablecoin for the ecosystem [5] - Wood's requirements for the stablecoin include full DOT collateralization and governance control, alongside security guarantees comparable to DAI [5][6]

RT Magenta Labs (@Magentalabs_io)The stablecoin race is on.Vertical chains like Plasma, ARC, and Tempo are chasing speed with zero fees and tight issuer control, while @hydration_net's HOLLAR takes a different approach on @Polkadot.HOLLAR isn’t built to silo value. It’s a decentralized, over-collateralized stablecoin launched from Hydration’s parachain, designed for composability and real DeFi flows. Rather than a closed system, it plugs into Polkadot’s shared security and modular stack, where stablecoins b ...