We cover one of the most important topics in DeFi, stable coins. The three speakers - Ariah, Dominik, and Lewis wrote an insightful research paper titled: “Stable coins 2.0: Economic Foundations and Risk-based Models.” We reflect on what transpired with Terra USD & LUNA and how the industry should approach future algorithmic stable coin mechanics. We also touch on how to blend mental models from traditional finance and DeFi to create an evolved global financial ecosystem.