While your regular crypto asset will fling you around like a ragdoll and reduce your life expectancy by double digits at least twice a month, stablecoins wrap us in a warm embrace and whisper in our ears that maybe, just maybe, things will be okay. They’re an anchor, a refuge and they too come in an abundance of flavours. And by far the sauciest of them, right now, are those known as algorithmic stablecoins. But the irony of algorithmic stablecoins is that… they aren’t stable. References https://www.emptyset.finance/ https://frax.finance/ https://www.basis.io/ https://twitter.com/Rewkang/status/1335678464217628672?s=20 https://insights.deribit.com/market-research/stability-elasticity-and-reflexivity-a-deep-dive-into-algorithmic-stablecoins/ https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2425270 https://blog.bitmex.com/wp-content/uploads/2018/06/A-Note-on-Cryptocurrency-Stabilisation-Seigniorage-Shares.pdf Follow Robin Schmidt https://twitter.com/DirSchmidt Follow The Defiant http://thedefiant.substack.com https://twitter.com/DefiantNews #thedefiant #defi #decentralized #finance #blockchain ... https://www.youtube.com/watch?v=sQ9m9txjF4U

This is the Solana Saga - it’s an Android phone produced by Solana’s mobile arm that costs $1000. Saga was first announced on June 23rd of last year. And less than a year later, they’ve already begun shipping. Quite an impressive delivery time in crypto terms, but this should be no surprise since the co-founder of Solana, Anatoly Yakovenko, has over a decade of experience working at Qualcomm. So he knows a thing or two about mobile products. Saga aims to become a crucial stepping stone in bringing web3 into our pockets. Users of the Solana chain can use the Saga to buy and sell NFTs, sign transactions, and self custody assets on the go through biometric solutions. I’ve been playing around with it for a week now, and it’s pretty neat stuff. So let's dive into why the SAGA could be a total game changer for web3 adoption, and whether or not it can survive a drop test. 0:00 Intro 1:13 Unboxing 1:26 Hardware 1:52 Technical Specs 2:45 Seed Vault 3:16 dApp Store 3:27 Saga Rewards 4:17 dApp test #1: Jupiter 4:33 dApp test #2: Minty Fresh 4:49 Drawbacks 6:16 Drop Test 6:59 Who's the Saga for? Intro track: MF DOOM Type Beat - "The Bomb_2" by 766N ✨ Check out our new website ✨ https://thedefiant.io/ ? Sign up to our newsletter ? https://thedefiant.io/go-premium#pricing?utm_source=YT&utm_medium=social&utm_campaign=signup ? Find DeFi investment opportunities & educational primers here https://thedefiant.io/promo?utm_source=YT&utm_medium=social&utm_campaign=alpha ✊ Follow The Defiant Twitter: https://twitter.com/defiantnews Discord: https://discord.gg/thedefiant Instagram: https://www.instagram.com/thedefiant.io/ Telegram: https://t.me/DefiantNews ? Contact our Newsroom editorial@thedefiant.io ? Sponsorships & Partnerships sponsors@thedefiant.io ? Follow The Defiant team on Twitter Camila Russo: https://twitter.com/CamiRusso Alp Gasimov: https://twitter.com/alpgasimov yyctrader: https://twitter.com/yyctrader1 Owen Fernau: https://twitter.com/ofernau Devin Sawyer: https://twitter.com/devinsawyer Samuel Haig: https://twitter.com/samuel_haig Diego Cabral: https://twitter.com/DiegoCabral__ Nick Duddy: https://twitter.com/nickduddy Pab: https://twitter.com/pprhsk Tegan Kline: https://twitter.com/theklineventure #TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain #Web3 ... https://www.youtube.com/watch?v=j3x_GimSum4