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One of the problems this class of mechanisms runs into, in the real world, is that--particularly in times of crisis--liquidity and prices are discontinuous.

Djed doesn't seem to be vulnerable to the former. (Reserve coin holders transparently give up liquidity for their yield. Though, as the paper admits, reserve coin holders are subject to run mechanics.) It would be to the latter.

Still, fascinating stuff.

> Input Output Global (creator of Cardano)

I worry there target release date of 2042 seems extremely aggressive for them based on past performance and some of there research might not be relevant by the time it comes out.

2042? Perhaps 2024?

I read the first two sentences and immediately pondered "so how could one profit if they knew which volatile coin the bank kept as it's reserve?"