Based

Two American anti-inflation advocates launched the USDi stablecoin, which is valued based on CPI data

ChainCatcher news, according to Bloomberg, two senior figures in the U.S. anti-inflation protection and foreign exchange derivatives sectors have launched the dollar stablecoin USDi, whose value is determined by the growth of the U.S. Consumer Price Index (CPI) since December 2024. As of April 15, its value is $1.00863.According to Michael Ashton, who began his anti-inflation investment career at Barclays in the early 2000s, USDi is equivalent to the principal of TIPS, or theoretically similar to an inflation-protected savings account (if one existed). Ashton stated, "There is currently no true risk-free asset, that is, inflation-protected cash. Holding cash is an option on future opportunities, and the cost of that option is inflation. If inflation-protected cash is created, that is the endpoint of the risk line."According to a statement from USDi Partners LLC, the token will have the same purchasing power as the dollar in December 2024. USDi will mint and burn tokens at its stated value, which, like the principal of TIPS, will depend on the CPI of the day.Although the government only releases the CPI once a month, it interpolates daily values for TIPS investors to calculate accrued interest. The CPI value determines the index value of TIPS and USDi with a two-month lag, meaning the CPI for December corresponds to March 1, with data published up to May 31. The value of USDi on April 15 is calculated by dividing the CPI of that day (interpolated between the monthly values of January and February) by the CPI of December, which will always be the denominator in the formula.USDi will be backed by a reserve fund managed by Ashton, who has been managing the Enduring US Inflation Tracking Fund for qualified investors since October 2021. The fund holds assets such as TIPS.

PancakeSwap: 4% annual deflation rate target is a non-binding cap, and the amount burned is dynamically adjusted based on trading volume

ChainCatcher message, the PancakeSwap team responded to the community regarding the CAKE 3.0 tokenomics proposal.Regarding the 4% annual deflation target, the 4% is based on data from the past two years. Deflation is not limited to 4% per year; the actual amount of destruction will be linked to trading volume, and if the protocol performs well, a higher deflation rate may be achieved. For the mCAKE and sdCAKE exchange issue, the team confirmed that a 1:1 exchange ratio will be maintained, and users need to operate through the original delegation platform.On the topic of holding incentives, the team pointed out that they will adjust the fee distribution, shifting part of the liquidity provider fees towards a buy-and-burn mechanism, which is expected to improve the destruction efficiency to 15%. They also emphasized that CAKE will still play a core role in governance, IF0, and other scenarios. In response to concerns about the efficiency of veCAKE emissions, the team believes that the current proposal can more effectively address core issues and avoid long-term drawbacks caused by short-term fixes.Regarding the issue of governance decentralization, the team stated that they will shift to a direct voting model based on CAKE holdings and consider introducing a delegation feature in the future. For geographical restrictions, the team explained that IF0 will remain open, while TGE has limitations due to compliance requirements from partners.Finally, the team committed to providing real-time destruction data dashboards to maintain transparency in emission decisions and ensure the smooth operation of the veCAKE system during the transition period. During the transition, the veCAKE system will continue to operate until the proposal voting is completed, ensuring a smooth transition.
ChainCatcher Building the Web3 world with innovators