For the sake of discussion, what if we removed DAI and disallowed soft-pegged stablecoins in the future? What if we only allowed coins that have a history of maintaining their peg? I feel like the protocol would work much better this way. I’m envisioning exchanges offering trading pairs against USD but it’s really MUSD. When a user goes to withdraw they select from our basket of stables and the exchange executes the smart contract to give the user the stable they want.
Also for deposits, they could deposit any stablecoin they want.
As long as we don’t implement a AMM, this would totally be possible…it’s key that we use coins that maintain the peg well. If the AMM is implemented, I don’t know how we are any different. It’s brilliant and simple that all coins in our basket are 1:1