SotN#28: Uncollateralized Stablecoins w/ Dan Elitzer (ESD, BasisCash, backed by Faith & Yield!)

<p><span style="font-weight: 400;">🚀 SUBSCRIBE TO NEWSLETTER: <a href= "http://bankless.substack.com/">http://bankless.substack.com/</a><br /> </span><span style="font-weight: 400;">✊ STARTING GUIDE BANKLESS: <a href= "https://bit.ly/37Q17uI">https://bit.ly/37Q17uI</a><br /></span><span style="font-weight: 400;">❤️ JOIN PRIVATE DISCORD: <a href= "https://bit.ly/2UVI10O">https://bit.ly/2UVI10O</a><br /></span><span style="font-weight: 400;">🎙️ SUBSCRIBE TO PODCAST: <a href= "http://podcast.banklesshq.com/">http://podcast.banklesshq.com/</a><br /> </span><span style="font-weight: 400;">👕 BUY BANKLESS TEE: <a href= "https://merch.banklesshq.com/">https://merch.banklesshq.com/</a><br /> </span><span style= "font-weight: 400;">-----<br /></span><span style= "font-weight: 400;">GO BANKLESS WITH THESE SPONSOR TOOLS: </span></p> <p><span style="font-weight: 400;">⭐️ AAVE - BORROW OR LEND YOUR ASSETS</span><span style= "font-weight: 400;"><br /></span><span style= "font-weight: 400;">https://bankless.cc/aave</span></p> <p><span style="font-weight: 400;">🚀 GEMINI - MOST TRUSTED EXCHANGE AND ONRAMP</span><span style= "font-weight: 400;"><br /></span><span style= "font-weight: 400;">https://bankless.cc/go-gemini</span></p> <p><span style="font-weight: 400;">💳 MONOLITH - GET THE HOLY GRAIL OF BANKLESS VISA CARDS https://bankless.cc/monolith</span></p> <p><span style="font-weight: 400;">📈 KWENTA | DEVIRATIVES TRADING WITH INFINITE LIQUIDITYhttps://bankless.cc/kwenta<br /></span><span style= "font-weight: 400;">------</span></p> <p><span style="font-weight: 400;">State of the Nation #28</span></p> <p><span style="font-weight: 400;">Algorithmic Stablecoins, with Dan Elitzer</span></p> <p><span style="font-weight: 400;">Dan Elitzer recently co-founded Nascent (nascent.xyz), a venture capital company that is deep into the weeds in some of the most experimental projects in the Ethereum ecosystem. </span></p> <p><span style="font-weight: 400;">In the 2nd half of 2020, some of the coolest experimental projects have been Algorithmic,