# A deliberately hobbled AKT stablecoin, designed against death spirals

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2022-06-16
- **Theme:** Crypto & DePIN — https://www.gregosuri.com/predictions/crypto-depin/
- **Source:** Akash Weekly Spaces - June 15th (Akash Network)
- **Watch at:** 00:21:58 — https://www.youtube.com/watch?v=y5_GlfUj5to&t=1318s
- **Canonical:** https://www.gregosuri.com/predictions/crypto-depin/2022-06-16-a-deliberately-hobbled-akt-stablecoin-designed-aga-c5zs/
- **Cite as:** Greg Osuri, "A deliberately hobbled AKT stablecoin, designed against death spirals," Akash Weekly Spaces - June 15th (Akash Network), 16 Jun 2022, 00:21:58. https://www.youtube.com/watch?v=y5_GlfUj5to&t=1318s

## Quote — verbatim

> We want to introduce an AKT stablecoin, but the stablecoin will be extremely limited to only pay for deployments... send functionality would not be enabled, so there is no incentive to hold the stablecoin except to deploy on Akash... we're not taking shortcuts like Terra or any of the algorithmic stables.

## Context — site annotation, not spoken

Post-Luna-crash economics work; he warns "if your debts payable is higher than your market value, then you create a debt spiral."