TriCrypto's reliance on bridged BTC and the questionably collateralized USDT mean that it is significantly lacking in the space of decentralization and immutability. Using crvUSD or some synthetic version of BTC would certainly help to protect the pool in exchange for capital efficiency.
TriCrypto's reliance on bridged BTC and the questionably collateralized USDT mean that it is significantly lacking in the space of decentralization and immutability. Using crvUSD or some synthetic version of BTC would certainly help to protect the pool in exchange for capital efficiency.
Agreed there's a centralization risk -- but also need size to be viable. For size, nothing better than WBTC/Tether.
The $250m "Size" of Tricrypto is 5% of DAI's $5B Mcap. At least DAI has no blacklist and partially decentralized collateral.
True, though I don't see DAI surviving a major crackdown on USDC, which appears to be a risk