So what does "total addressable market" mean? The potential of what it could grow to?
I have been working on a system to turn any extra dollars I have into stablecoins through peer to peer transactions, and then stake for a good yearly APR.
Tokemak USDC reactor is currently at an 11% APR, which would typically beat yearly dollar inflation. I think USDC is probably the most reliable stablecoin for now, although I do like DAI. FRAX is also interesting, but I have migrated completely away from USDT.
Will HBD ever be truly pegged to the dollar? If you have an article you can point me to for the future of HBD, I would appreciate it.
Thanks for the informative read.
Yes TAM is what a new technology/solution can address.
We need to tighten the peg, it is still too loose. There is a lot of things that need to be done. The future of HBD is still a bit cloudy. It is algorithmic based which seems to be a big more aligned with what is needed in the future.
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If I remember correctly, SBD came around before dollar pegged cryptos did. So the tech probably wasn't quite there yet.