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Episodes
Monday Sep 09, 2024
Monday Sep 09, 2024
$BAMK has become a top 5 Rune project and stands out among the rest of them simply due to the effort to do something interesting on Bitcoin outside of just memes. The problem BAMK is attempting to solve is the absence of a reliable stablecoin for users of the Bitcoin ecosystem to leverage. In other blockchains there are a variety of stable devices to choose from but none native to Bitcoin to keep all liquidity events onchain without the need of a centralized service. The stablecoin BAMK is introducing is called nUSD, which is derived from Ethena’s USDe, which is a synthetic dollar stablecoin on Ethereum. We ask Jack Liu how it all works and the magnitude of implications for the Bitcoin economy if it becomes widely adopted and standard for stablecoin issuance.
Topics:
- First up, Whats been going on since the last time we seen Jack Liu?
- Next, The problem BAMK is attempting to solve is the absence of a reliable stablecoin
- Then, we ask Jack Liu how BAMK works
- and Finally, what is the magnitude implications for the Bitcoin economy if it becomes widely adopted?
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