The previous article described some of countermeasures for WaykiChain stablecoin system potential risks. More countermeasures to stablecoin system risks are detailed below.
Feed Price Error
Feed price is a one of very important parts, if some errors happen, the stability of the system operation and users’ interests might be affected.
The final price on the chain is based on the “median” mechanism.
Therefore, a small amount of feed price error or no feed price will not affect the accuracy of the price.
Insufficient Ease of Use
The stablecoin system is decentralized, and the mechanism is complicated. Therefore, users who are willing to learn this system are limited, and the impression of “decentralized experience is poor” is also hindering the expansion of the user base.
WaykiChain public chain has made certain breakthroughs in its performance, and it has been at the forefront of the industry. In the short and medium term, it can support the stable operation of the stablecoin system. In terms of product display and operation, it will be as simple and clear as possible.
Ordinary users do not need to understand the mechanism behind the WUSD, they can also easily use. For users who have knowledge needs, WaykiChain team and community will also provide system mechanism knowledge.