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“Algorithm + Credit” Rebuild the Value Foundation of DeFi

Published

5 years ago

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DeFi still has higher attention, with rapid technological innovation and continuous expansion of application scope, The goal of DeFi is undoubtedly to build a more effective, free, and transparent financial ecology. However, finance always develops with money and brings value exchange. Therefore, whether it is a decentralized scenario or a mass application toward reality in the future, stable cryptocurrency is crucial for users, so as to realize the dream of making virtual ideas become reality.

For this reason, in the field of cryptocurrency, many teams have been exploring stable currency. According to CryptoQuant data, stabilecoin holdings on global crypto exchanges hit a high record of $9.8 billion as of March 28, 2021. At the same time, the total stable currency market capitalization once topped $80 billion, according to CoinGecko, the current daily trading volume of all stable currencies is about $118.340 billion. Also, CoinMarketCap shows there are 16 mainstream stable currencies now.

The stable currency is illusory?

In general, both USDT and DAI are still on their way and haven’t really achieved the goal of “stable currency”. Tether’s White Paper said: “Tether is a decentralized cryptocurrency, but we are not a perfectly decentralized company. We store all of our assets as a centralized pledge.” Therefore, USDT is just borrowing the name of the cryptocurrency, but it is not really decentralized.

DAI, developed by MakerDao, is the largest decentralized stable currency on Ethereum. It is issued with the guarantee of the full amount of assets on the blockchain. It is only generated in the application scenario based on the mortgage, and the market value of the mortgage assets is the ceiling of it. Therefore, these stable currencies are illusory in a sense.

Will algorithmic stable currencies finally fail?

Now let’s take a look at the development process of algorithmic stable currencies, known as the holy grail of cryptocurrency. From stable currency1.0 represented by AMPL, stable currency2.0 represented by Basis Cash to stable currency 3.0: Frax Finance, all of them have gone through a period of growth. However, the stable currency reality is that we live under the sense of “ever-changing”, and stable value is still in the ideal.

AMPL algorithmic stable currency is used to increase or decrease the supply of AMPL in order to keep the price of AMPL around $ 1. Ampleforth uses Rebase operation to change the AMPL held by all users as a whole. The Rebase price is based on the average price of the past 24 hours. When this price is above $1.05, the AMPL balance in all users’ wallets increases simultaneously. At prices below $0.95, all users’ AMPL balances decrease simultaneously. During this process, the percentage of AMPL held by users in the supply does not change. It looks like everything is fine on its own, but when the price of cryptos falls to the point where deflation is needed, both the quantity and price of coins held by users are falling, so users face a double whammy.

So it’s easy to create a death spiral. Similarly, when crypto price rises, it is easy to create an upward death spiral. Thus it can be seen that this price model only has two possibilities: the price continues to fall, get into the infinite death circle and leave the market, and the price rises steadily to around 1USDT; Prices rising, the AMPL has been printing (dividend), AMPL reserve disappeared, crypto began to value return, people in loss cannot gain AMPL, prices will fall back near 1 USDT (need funds continue getting into the market), so it is difficult to see AMPL achieve speculation, meanwhile achieve stability, And stability is a necessary condition for a stable currency.

Basis Cash, as represented by 2.0, includes three tokens, Basis Cash (BAC), Basis Share (BAS), and Basis Bond (BAB), among which BAB is non-transferable. The BAC is the stable currency, anchored to $1; BAS is an equity token, and newly-minted BAC tokens can be allocated. BAB is a bond. There is nothing wrong with Basis Cash based on the algorithm itself, but without a good application scenario, relying on the debt market itself is dangerous. There is actually a problem with debt financing in traditional markets, where those “too big to fail” entities can take on the risk of impunity through socialized bailout costs. It is entirely possible that Basis Cash could go into a debt spiral, in which case there would be no willing contributors, the debt would accumulate and the protocol would collapse.

Finance FX is the first partial algorithmic stable currency project, adding the concept of using “partially stable” as a collateral asset to the existing algorithmic stable currency. There are two types of tokens in Frax, the stabilization token Frax, and the governance token FXS. Frax costs USDC and FXS, but only USDC during creation. The initial mortgage rate is 100%, that is, all USDC mortgage is used to cast FRAX. After that, the mortgage rate will be adjusted every hour. If the price of FRAX is more than $1, the mortgage rate will be reduced and FXS ‘share in it will be increased. Raise the mortgage rate if the Frax falls below $1. The mortgage rate is adjusted every hour by 0.25% each time. But its high mortgage ratio leads to the lack of user appeal, its currency numbers and market supply have been stagnant.

Although the above three generations of stable currencies seem to be making breakthroughs and innovations, they do not give a satisfactory answer on how to solve the credit problem. However, algorithm stable currency that cannot solve the credit problem is useless. Bitcoin came into being to solve the problem of credit, but the stable currency, as an important extension of its development, has not inherited the legacy of credit, and is still stuck in the algorithm.

Crypto Credit Network (CCN)

In the financial field, credit is the foundation and the lifeblood. This is true of both traditional and modern financial systems. In the traditional financial system, credit mainly relies on the guarantee of laws and institutions. Apart from the high operation cost, the “credit crisis” gradually exposed by financial intermediaries is the fundamental reason why people urgently embrace the blockchain technology. Algorithm stable currency is going to help cryptos solve the credit problems, guaranteeing machine credit by algorithm, which does not rely on third-party subjective will and makes transaction transparent, efficient, reliable, and stable, let people who do not have to establish credit relationship between each other to achieve cooperation and free trading, reduce the cost of credit.

However, the world of blockchain cryptocurrency is a chaotic existence without a role name. To change from chaos to brightness, each individual needs to have his or her own identity, so that we can obtain the faith like phoenix nirvana. The CCN gives each individual a unique CID (Crypto Identification), which is the most basic rule in the Crypto world. To build a new crypto world of order, autonomy, and equality.

The construction of CCN not only takes blockchain technology as support, but also has a reasonable economic incentive mechanism. Reasonable use of incentive mechanism is an effective means to stimulate all parties to participate in the construction of CCN.

A sound incentive mechanism, reasonable mechanism design from the perspective of leading efficiency and fair governance, can make the value generated by credit information flow effectively to the value provider in the blockchain world, punish the evil behavior, and resolve the conflict between individual interests and collective interests. It makes the individual’s behavior of pursuing individual interests unified with the goal of maximizing collective value.

Therefore, CCN can further clarify the economic interests of each participant and the overall interests of the network, so as to fully mobilize the enthusiasm of each participant and guarantee great development of CCN from the source.

The CCN consists of three different identities: Creator, Guardian, and Angel, all of them have established screening mechanisms. Only firm believers can obtain the CCN identity. Early believers are required to contribute to maintaining the stability of early CCN by burning GAC tokens. Therefore, they are not only holders of GaeaCoin, but also determined preachers and builders. When GaeaCoin issues additional shares, it will also receive a corresponding percentage of GAC tokens as a reward.

The establishment of this system aims to provide every GaeaCoin participant with the opportunity to contribute to the community construction, and to create a healthy crypto community culture of dedication and autonomy through consensus, symbiosis, co-construction, and sharing.

In CCN, although the identity is different, the residents on the chain of CCN build the initial transaction link according to their CID address, and constantly expand CCN on the chain. Open CID needs to be recommended by the network resident, once the link is formed, it cannot be changed forever. Each of the three different identities requires a different number of GAC tokens to burn, which can be viewed on the GaeaCoin network. GaeaCoin network residents have different rights according to their status.

The integration with the DEX: OxySwap has pioneered a full range of applications

There is a natural interdependence between exchange and stable currency. The exchange has always been an important part of crypto digital asset market, and it is also the first application place of stable currency. Like Binance with BUSD and Huobi with HUSD, OKEx also launched USDK on June 3, 2019. Traditional CEXs are fiat currencies, where fiat currencies are exchanged for cryptos. If you want to buy crypto digital assets, you need to top up fiat currency, which undoubtedly increases the economic and time costs of investors in the process of exchange. The emergence of a stable currency can not only solve the above problems but also effectively avoid legal risks in the process of the transaction.

As it should be, the integration of GaeaCoin ecology and OxySwap not only lay a solid foundation for stable currency: GAC token application, but also creates opportunities for it to open up more and wider application scenarios.

OxySwap is a decentralized exchange running on the BSC with a collection of DEX liquidity mining, which offers functions of exchange, liquidity, market making, and so on. The strength of OxySwap guarantees the usages of the stable currency: GAC.

GAC will lead a brighter way

GaeaCoin algorithm stable currency: GAC dares to face the challenge, according to the industry news, GAC praises is not only relatively stable from the concept, but also to really put into application. In addition to GAC (GaeaCoin), GaeaCoin ecology also includes GAB (GaeaCoin Bond) and GASH (GaeaCoin Share), which serve to maintain the stability of GAC. GaeaCoin Ecology also integrates GaeaCoin protocol, algorithm, robustness, price response, encryption, and other technologies, superposed with the DeFi ecology of Crypto Credit Network (CCN), OxySwap (DEX), and so on, providing a realistic solution for GAC, and leads it to move towards the real “stability”.

The integration of CCN and OxySwap points out the direction for the application of algorithmic stable currency. In fact, we can already feel the power of the GaeaCoin algorithm stable currency, and once it is used at a large scale, the ideal stable currency is expected to arrive ahead of time. DeFi will also build on this basis, using currency, lending, spot trading, and other components to build continuously upgraded Lego of DeFi.

GaeaCoin’s move directly challenges the world’s centralized stable currency giants such as USDT and USDC, but compared to the previous challenges of AMPL, BAC, and FRAX, this well-prepared challenge looks more anticipated!

About Author

Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

Explora Books to Showcase The Book of Laural at the 2026 Beijing International Book Fair

Published

16 minutes ago

on

May 21, 2026

By

Born from grief and transformed into wonder, The Book of Laural by Jennifer Davis Deckert will be featured at the 2026 Beijing International Book Fair (June 17–21) at the Explora Books exhibition booth at CNCC in Beijing. Part fantasy, part elegy, the novel follows a luminous soul named Laural across millions of years, countless incarnations, and the furthest reaches of the universe—guided always by her mischievous fairy companion, Jaja.

Vancouver, British Columbia, Canada, 21st May 2026 – When Deckert’s sister and lifelong bandmate, Laural, passed away on Christmas 2021, the author found herself writing not an obituary, but an origin story. What emerged was a sweeping metaphysical adventure rooted in a profound truth: energy cannot be created or destroyed—it simply changes form. In the novel, Laural’s soul reappears across the ages as a gentle brontosaurus, a singing rodent, a curious dolphin, a medieval peasant, and ultimately a human woman, accumulating wisdom and love with each new life. The story’s exploration of reincarnation and spiritual transformation gives the book a distinctive place among contemporary fantasy fiction. 

At the heart of the story is the unlikely bond between Laural’s ever-changing soul and Jaja, a stubborn, sharp-tongued fairy who refuses to become mortal—until she can no longer resist. Their friendship, stretching across dinosaur-era swamps, ocean depths, alien planets, and medieval villages, becomes the emotional spine of the novel. Through their adventures, Deckert explores timeless questions: What draws us back to the people we love? What do we owe each other across lifetimes? And what does it truly mean to “go home”? These themes of love, destiny, and soul connection make the novel especially compelling for readers of philosophical fantasy and speculative fiction. 

Music runs through the novel like a second heartbeat. From the dawn chorus of prehistoric rodents to the haunting calls of dolphins, from an underground Star Choir blazing inside a distant star to the drums of early humans on a moonlit shore, sound becomes a sacred language—one the soul carries from life to life, growing more complex and beautiful with each incarnation. Deckert, a musician who played drums alongside her sister for more than two decades, weaves her own grief and artistry into every page.

The novel does not shy away from darkness. Persecution, destruction, environmental loss, and human cruelty all appear—not to inspire despair, but to illuminate the radical power of compassion. Through the character of Volaris, a tormentor whose soul slowly transforms across many lifetimes, Deckert offers a quietly radical vision: no soul is permanently lost, and a single act of witnessed kindness can plant a spark that takes centuries to bloom.

Deckert’s The Book of Laural is a love letter written across time—to a sister, to the natural world, and to the belief that the souls we cherish never truly disappear. It is a story that begins before the dinosaurs and ends at the edge of a cliff called Rebirth. In between, it asks readers to listen more carefully to the music all around them.

Attendees of the 2026 Beijing International Book Fair will have the opportunity to check out this visionary work of fiction. The Book of Laural is also available on Amazon and through other major book retailers.

About Explora Books 

Explora Books is a book marketing firm located in the heart of Vancouver, British Columbia, Canada. The company specializes in self-publishing and marketing, taking pride in its exhaustive research and creative strategies that provide wider avenues for aspiring authors to gain recognition for their works. Explora Books aims to guide authors through the complexities of self-publishing, offering convenient solutions to navigate this process. The firm fosters and redefines creativity and innovation, setting new industry standards. Explora Books is dedicated to empowering authors globally.

Media Contact

Organization: Explora Books Ltd

Contact Person: Simon Pratt

Website: https://explorabooks.com/home

Email: Send Email

Contact Number: +16043306795

Address:Jameson Offices, 838 W Hastings St w, Vancouver, BC V6C 0A6, Canada

City: Vancouver

State: British Columbia

Country:Canada

Release id:45014

The post Explora Books to Showcase The Book of Laural at the 2026 Beijing International Book Fair appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Explora Books Showcases the Setterington Family Series at the 2026 Beijing International Book Fair

Published

45 minutes ago

on

May 21, 2026

By

Explora Books will present the Setterington Family series by Donna Gene Stankey and co-author Ramona Hammel at the 2026 Beijing International Book Fair (BIBF), held June 17–21 at the China National Convention Center in Beijing. The series offers a multi-volume portrayal of American pioneer life and family legacy across generations.

Vancouver, British Columbia, Canada, 21st May 2026 – Rate opens on a bitter December night in 1893 at the Setterington homestead near Elsie, Michigan, where Millie, a Canadian-born farmer, waits through the cold for the birth of a son his wife Mina neither wants nor welcomes. From this quietly charged opening, Donna Gene Stankey builds an intimate portrait of rural Midwestern life: its relentless labor, marital tensions, and a father’s stubborn hope that something of himself will endure into the next generation. Grounded in decades of family history and careful research, Rate functions as both a personal family chronicle and a vivid record of settler life on the American frontier.

The Lad Called Rate follows Ralph as he comes into his own through the daily work of the farm—its animals, seasons, and unrelenting demands—in a coming-of-age story rooted in heritage and belonging. Stankey and Hammel render his gradual self-discovery with patience and warmth, tracing a young man finding his footing in a world that asks everything of him.

The Mischief Maker sees Rate trade the open fields for the streets of Elsie, with his dog Bruno never far behind. The pull between his rural upbringing and town life creates both tension and tenderness, as Rate carries the instincts and loyalties of a farm boy into an unfamiliar world. Stankey and Hammel handle this transitional chapter of his life with precision and care.

Forever a Farmer brings the saga to its conclusion, with Rate facing the full cost of keeping a family farm alive across generations. It is a story about what it means to inherit not only land, but responsibility—and about the quiet determination of those who choose to stay when leaving would be easier.

Stankey was herself a Setterington—the third generation to farm the land outside Elsie, Michigan, which she spent decades documenting. Her co-author and daughter, Ramona Hammel, was shaped by the same rural inheritance: first on her father’s farm in Wayland, Michigan, and later on her husband’s farm near Hudson. Following Donna’s passing, Ramona has carried their shared work forward, ensuring the Setterington story reaches the readers it deserves.

Readers and industry professionals attending the 2026 Beijing International Book Fair are encouraged to visit the Explora Books exhibit booth 5A.B14 at the CNCC in Beijing. Attendees will have the opportunity to discover the complete Setterington Family series, explore special event features, and connect with the authors’ legacy in person. 

All four books are available on Amazon, Barnes & Noble, and other major book retailers.

About Explora Books

Explora Books is a book marketing firm located in the heart of Vancouver, British Columbia, Canada. The company specializes in self-publishing and marketing, taking pride in its exhaustive research and creative strategies that provide wider avenues for aspiring authors to gain recognition for their works. Explora Books aims to guide authors through the complexities of self-publishing, offering convenient solutions to navigate this process. The firm fosters and redefines creativity and innovation, setting new industry standards. Explora Books is dedicated to empowering authors globally.

Media Contact

Organization: Explora Books Ltd

Contact Person: Simon Pratt

Website: https://explorabooks.com/home

Email: Send Email

Contact Number: +16043306795

Address:Jameson Offices, 838 W Hastings St w, Vancouver, BC V6C 0A6, Canada

City: Vancouver

State: British Columbia

Country:Canada

Release id:45308

The post Explora Books Showcases the Setterington Family Series at the 2026 Beijing International Book Fair appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Explora Books to Host Book Signing with Stewart T. Monti Sr. at the BIBF 2026

Published

45 minutes ago

on

May 21, 2026

By

Explora Books will host a book signing with author Stewart T. Monti Sr. at the 2026 Beijing International Book Fair (BIBF), June 17–21, at the China National Convention Center (CNCC) in Beijing. Attendees are invited to visit Booth 5A.B14 to meet Monti Sr. and receive signed copies of his medieval fiction titles, Mary and Sir Edward, and Hillary and Sir Edward.

Vancouver, British Columbia, Canada, 21st May 2026 – The two books are interconnected medieval fiction novels set in the fictional village of Darwick. Mary and Sir Edward follows twelve-year-old Mary, a farm girl managing her household while her father is away at war. When a wounded knight arrives at her home, her decision to help him sets off events that affect both her family and the wider kingdom.

Hillary and Sir Edward continues the story a generation later through Mary’s daughter, Hillary. Raised in a blacksmith’s forge and trained in combat and strategy, she enters King Henry’s court after Sir Edward recognizes her potential. Disguised as a boy, she must prove herself through discipline and composure as she navigates court politics, a tournament, and a coup attempt that tests her skills and integrity.

Together, the novels form a multigenerational medieval fiction saga centered on legacy, resilience, and character-driven storytelling. The series emphasizes discipline, moral resolve, and the development of strength across generations rather than spectacle or fantasy excess.

Stewart T. Monti Sr., a retired U.S. Air Force Major and former C-130 pilot, channels his military and academic background into his writing. He began with poetry, publishing 135 Poems for Today (2017), and now writes medieval fiction inspired by his diverse experiences.

Attendees at the 2026 Beijing International Book Fair will have the opportunity to meet Stewart T. Monti Sr. and obtain signed copies of both books.

Mary and Sir Edward, and Hillary and Sir Edward are also available through Amazon, Barnes & Noble, and other major retailers.

About Explora Books

Explora Books is a book marketing firm located in the heart of Vancouver, British Columbia, Canada. The company specializes in self-publishing and marketing, taking pride in its exhaustive research and creative strategies that provide wider avenues for aspiring authors to gain recognition for their works. Explora Books aims to guide authors through the complexities of self-publishing, offering convenient solutions to navigate this process. The firm fosters and redefines creativity and innovation, setting new industry standards. Explora Books is dedicated to empowering authors globally.

Media Contact

Organization: Explora Books Ltd

Contact Person: Simon Pratt

Website: https://explorabooks.com/home

Email: Send Email

Contact Number: +16043306795

Address:Jameson Offices, 838 W Hastings St w, Vancouver, BC V6C 0A6, Canada

City: Vancouver

State: British Columbia

Country:Canada

Release id:45307

The post Explora Books to Host Book Signing with Stewart T. Monti Sr. at the BIBF 2026 appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Cloud PR Wire

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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