We have seen numerous iterations of the stablecoin concept, from USDC, which is basically 1:1 backed by bank deposits or short term liquid assets, to fully algorithmic coins backed by digital currencies. We propose most of these coins were built when the requirements of DeFi were quite different than they are now. For instance, when USDC was created the total dollars in DeFi were $130 Billion. This is now roughly a Trillion dollars. For most people in 2018 just having a way to move money in and out of DeFi without subjecting themselves to huge price fluctuations was enough. We believe this is no longer the case and people want more from their stablecoin.