Crypto Terms:
Letter A
Jun 19, 2023 |
updated Apr 08, 2024
What is Algorithmic Stablecoin?
Algorithmic Stablecoin Meaning:
Algorithmic Stablecoin -
is a crypto token that keeps the value of an asset by using price stabilization algorithms.
Let's find out Algorithmic Stablecoin meaning, definition in crypto, what is Algorithmic Stablecoin, and all other detailed facts.
The Bitsahe blockchains had the very first algorithm stablecoins launched on them in 2013. Moreover, Ampleforth is now the longest-running algorithmic stablecoin.
Algorithmic stablecoin is a crypto token that keeps the value of an asset by using price stabilization algorithms. The price stability is attached to a reserve asset - fiat currency.
This kind of coin uses an algorithm to its advantage and emits more coins when the price goes up. Then purchases them off the market when the price goes down. Besides that, traders can obtain the advantages of BTC or ETH crypto assets, avoiding the risk of too much price volatility.
As an example, these stablecoins are classified into two categories:
- Off-chain collateralized stablecoins
- On-chain collateralized stablecoins
To put it simply, stablecoins that are based on algorithms, could be seen as whole new cryptocurrency varieties, designed to provide enhanced price stability.
Additionally, the lack of a tangible asset requirement for algorithmic stablecoin reduces the risk of misconfiguration. No other set on the market today provides this scalable solution.
There is no regulatory personnel who keeps an eye on the procedures in decentralized blockchains, as well as for an algorithmic stablecoin. The code is accountable for supply and demand, as well as the benchmark price.
Algorithmic stablecoins fill a void in the crypto environment by reintroducing seigniorage into the currency ecosystem, where users may share it. Most notably, algorithm-based stablecoins surpass collateralized stablecoins in terms of capital efficiency.
limit order<\/strong><\/a>.<\/p>\n<p>There are a few ways you can use these orders. In <strong>algorithmic trading<\/strong>, for example, to estimate the directional trend. Also, it’s a way of restricting events where only a half of the action is completed. This usually takes place during mischievous events and when a market is highly volatile with low volumes.<\/p>\n<p>Another way to prevent these events and make the participants in the market confident of the set price - is by fulfilling the requirement of the order being fully completed or left undone when it is placed.<\/p>","definition":"an order that has a set price and is made to purchase or sell a volume of assets.","status":"published","updated_at":"2024-04-08T11:06:02.000000Z"}"
:prev-section="{"id":25,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Market_(economics)","level":"medium","section":"A","keyword_en":"Algorithmic Market Operations (AMOs)","author_id":1,"created_at":"2023-06-19T06:58:58.000000Z","slug":"what-are-algorithmic-market-operations-amos","title":"What are Algorithmic Market Operations (AMOs)?","keyword":"Algorithmic Market Operations (AMOs)","content":"<p>There are four primary types of <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-stablecoin/">stablecoins: fiat-backed, crypto-backed, commodity-backed, and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-algorithmic-stablecoin/">algorithmic. The <strong>first three categories<\/strong> can be considered <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-collateralized-stablecoin/">collateral stablecoins<\/strong><\/a>. As the names imply, these coins are backed by fiat, crypto, and on-chain tokens. These tokens can be <strong>redeemed<\/strong> or swapped.<\/p>\n<p>One of the best-known biggest collateralized stablecoins is <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-tether-usdt/">Tether (USDT)<\/strong><\/a>. The value of one tether is pegged to the value of one US dollar. It is currently the most used stablecoin in the market. Its market cap, or total market value, is recorded at $82 billion as of <strong>April 2022<\/strong>.<\/p>\n<p>The supply of collateralized stablecoins is manually regulated by regularly <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-minting/">minting and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-burning/">burning the cryptocurrency, thus increasing or <strong>decreasing<\/strong> it.<\/p>\n<p>Algorithmic stablecoins are cryptocurrencies that use an <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-algorithm/">algorithm to regulate the supply. These algorithms are known as market operation modules, or algorithmic market operations (AMOs). AMOs enable scalability while maintaining decentralization and transparency. One of the longest-running algorithmic stablecoins is <strong>Ampleforth (AMPL)<\/strong>.<\/p>\n<p>An AMO solution can help a stablecoin reach the growth and size requirements for cryptocurrency adoption. Thanks to AMOs, a centralized team is not needed to make in-house decisions. Instead, decision-making is done by using <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-smart-contract/">smart contracts<\/strong><\/a>, which reduce the risk of human error and market manipulation.<\/p>\n<p>Algorithmic market operations have three core features:<\/p>\n<ul>\n<li>Decollateralization - the collateral ratio is automatically decreased;<\/li>\n<li>Recollateralization - the collateral ratio is automatically increased;<\/li>\n<li><strong>Market operations<\/strong> - the part of the strategy that does not affect the collateral ratio.<\/li>\n<\/ul>\n<p>If the price of the algorithmic stablecoin ever goes above its pegged value, the collateral ratio is automatically lowered. The supply then expands and the AMO controllers proceed as normal. This way, the value of the stablecoin maintains the balance.<\/p>\n<p>If the collateral ratio drops too low and the stablecoin falls below the pegged value, the AMO runs the recollateralization. That way, the collateral ratio is brought back up, and the value is once again kept stable.<\/p>\n<p>An AMO can be built following the general specifications of anyone who wants to maintain an algorithmic stablecoin. Algorithmic stablecoins can <strong>perpetually increase or decrease the circulation<\/strong> of their tokens thanks to algorithmic market operations or the algorithms programmed in their smart contracts.<\/p>\n<p>This makes the capital of algorithmic stablecoins efficient. Additional coins are automatically minted if the price rises and the excess is burned if the value sinks. Having this system in place means there is no need for collateral backing.<\/p>","definition":"operations that automatically manage the supply of algorithmic stablecoins. They control the collateral ratio, improve scalability, decentralization, and transparency of the stablecoins.","status":"published","updated_at":"2024-04-05T09:09:40.000000Z"}"
:model="{"id":18,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Stablecoin","level":"easy","section":"A","keyword_en":"Algorithmic Stablecoin","author_id":1,"created_at":"2023-06-19T06:58:58.000000Z","slug":"what-is-algorithmic-stablecoin","title":"What is Algorithmic Stablecoin?","keyword":"Algorithmic Stablecoin","content":"<p><strong>The Bitsahe blockchains<\/strong> had the very first <strong>algorithm stablecoins<\/strong> launched on them in 2013. Moreover, Ampleforth is now the longest-running algorithmic stablecoin.<\/p>\n<p>Algorithmic stablecoin is a crypto token that keeps the value of an asset by using price stabilization algorithms. The price stability is attached to a reserve asset - <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-fiat/">fiat currency.<\/p>\n<p>This kind of coin uses an algorithm to its advantage and emits more coins when the price goes up. Then purchases them off the market when the price goes down. Besides that, traders can obtain the advantages of <a href=https://www.bitdegree.org/"//crypto//buy-bitcoin-btc/">BTC or <a href=https://www.bitdegree.org/"//crypto//buy-ethereum-eth/">ETH crypto assets, avoiding the risk of too much <strong>price volatility<\/strong>.<\/p>\n<p>As an example, these stablecoins are classified into two categories:<\/p>\n<ul>\n<li>Off-chain collateralized stablecoins<\/li>\n<li>On-chain collateralized stablecoins<\/li>\n<\/ul>\n<p>To put it simply, stablecoins that are based on algorithms, could be seen as whole new cryptocurrency varieties, designed to provide enhanced price stability.<\/p>\n<p>Additionally, the lack of a tangible asset requirement for algorithmic stablecoin reduces the risk of misconfiguration. No other set on the market today provides this scalable solution.<\/p>\n<p>There is no regulatory personnel who keeps an eye on the procedures in decentralized blockchains, as well as for an algorithmic stablecoin. The code is accountable for supply and demand, as well as the <strong>benchmark price.<\/strong><\/p>\n<p>Algorithmic stablecoins fill a void in the crypto environment by reintroducing seigniorage into the currency ecosystem, where users may share it. Most notably, algorithm-based stablecoins surpass <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-collateralized-stablecoin/">collateralized stablecoins<\/strong><\/a> in terms of capital efficiency.<\/p>","definition":"is a crypto token that keeps the value of an asset by using price stabilization algorithms.","status":"published","updated_at":"2024-04-08T11:05:40.000000Z","author":{"id":1,"user_id":1,"image_id":2641,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-02-29T07:19:25.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","referral_token":"05TMu2NysXOCn525","referred_by":null,"last_connected_at":"2024-04-09T08:14:54.000000Z","created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-04-09T08:14:54.000000Z","full_name":"Aaron S."}}}"
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current-chapter="A"
current-section="what-is-algorithmic-stablecoin">
