Does a stablecoin solution that is highly efficient and won’t act like a monster really exist? | Arts and science blossom

This issue is the first question of the last AMA rollup: a discussion on the future of stablecoins and the design of aave stablecoins. The discussion has been summarized into a short report. Please subscribe to the "Arts and Science" newsletter or click this link to read it. (https://wenli.substack.com/p/69c) I was doing research a while ago and was surprised by the roadmap of Shiba Inu coin: It turns out that they have been building their own complete ecosystem around the Shiba brand, including their own Layer 2 (Shibarium), their own exchange (Shibaswap), their own DAO (Doggy DAO), NFT, Metaverse... and of course their own stable currency - "SHI". Seeing that meme coins are also issuing stablecoins, I realized that from public chains such as NEAR, Tron, and Wave to DeFi head protocols Aave and Curve—everyone is planning to issue their own stablecoins, and Luna’s collapse seems to have no impact at all. In the current context of increasingly thin liquidity, centralized giants are making acquisitions everywhere, while the top decentralized DeFi protocols, in addition to busy squeezing the liquidity space of other protocols, are also scrambling to enter other tracks - especially stablecoins (*Protocol-owned-stablecoins, POSCs). What kind of "new normal" will this be? 1. Why do you want to issue your own stablecoin? Analyzing from the "dissipative structure" basket of "Wenli", it is very clear. 2. “External energy” and “internal energy” in the Crypto world. 3. MakerDAO’s “inherited deficiencies” and algorithmic stablecoins’ “fancy tricks” 4. Aave’s stablecoin (GHO) seems to be the latest effort in this “third way” direction? 5. Create GHO based on pure credit: Will the "facilitator" "become a monster" like Terra/Luna? 6. Can Aave’s “let a hundred flowers bloom” stablecoin issuance plan design really diversify risks? 7. The first principle of “diversification”: Who is the victim? 8. Aave’s unique advantages as a “lending platform”. 9. Will a “stablecoin world war” happen? Extended reading: 1. Hayek's "The Denationalization of Currency" 2. An article written by Ulbricht, the founder of the Silk Road, in prison in 2020: https://rossulbricht.medium.com/remaking-the-maker-protocol-4b29f879f11 (https://rossulbricht.medium.com/remaking-the-maker-protocol-4b29f879f11) BGM: Lesson Learned- Aaron Taylor About "Two Blooms of Liberal Arts and Sciences": "Two Blooms of Liberal Arts and Sciences" is the collision of the thinking of liberal arts students and the thinking of science students in technology, economy, culture, philosophy, currency, digital assets, metaverse, and Web3.0. The current zeitgeist is "chaos" and we are trying to find order in chaos. Twitter: @LeiSalin_XP Transcript and further reading: "The Flowering of Liberal Arts and Science" newsletter. Welcome to subscribe: https://wenli.substack.com You can also search and listen to "Two Blossoms of Liberal Arts and Sciences (Overseas Edition)" on Apple Podcasts | Spotify | Google Podcast | and other general-purpose platforms. "Two Blossoms of Liberal Arts and Sciences" WeChat Learning Room: Please add Jar Zi WeChat. Note: Both liberal arts and science blossomed