Feat/article why and how stablecoins depeg #82
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📝 WalkthroughWalkthroughTwo new markdown articles added to the public/articles directory: one documenting the history of Djed and the Djed Alliance, and another explaining why and how stablecoins depeg. Both include YAML front matter and static narrative content with external links and images. Changes
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Actionable comments posted: 0
🧹 Nitpick comments (3)
public/articles/understanding-why-and-how-stablecoins-depeg.md (2)
11-11: Apply concise language suggestions from style analysis.Three style improvements flagged:
- Line 11: "outside of" → "outside" (redundant phrasing)
- Line 98: "in order to" can be simplified to "to"
- Line 98: "a variety of external factors" → "multiple external factors" or "various factors" (less wordy)
Suggested edits
- ...often driven by factors outside of the issuer's control... + ...often driven by factors outside the issuer's control... - ...help users maintain a steady value in order to facilitate transactions... + ...help users maintain a steady value to facilitate transactions... - ...can be compromised by a variety of external factors... + ...can be compromised by multiple external factors...Also applies to: 98-98
47-92: Consider standardizing image filenames to slug-based naming conventions.The image files (e.g., "USDT depegging to $0.95 shortly after the LUNA UST crisis. Source CoinMarketCap.webp") currently use descriptive text with spaces in filenames. While this naming convention is consistently applied throughout the repository, adopting slug-based naming (e.g.,
usdt-depeg-may-2022.webp) would align with common web asset naming practices and improve clarity in version control history.public/articles/the-history-of-djed-and-the-djed-alliance.md (1)
18-18: Improve sentence variety and conciseness.Two style refinements:
- Line 18: Three consecutive sentences begin with "In" (lines 17, 18, 21), creating monotonous rhythm. Restructure at least one for variety.
- Line 27: "taking into account" is verbose; consider "considering" or "leveraging" as a more concise alternative.
Suggested edits
In July 2021, the technical white paper was released to the public and Zahnentferner named the protocol Djed, after an ancient Egyptian pillar-like symbol representing stability. In 2021, some of the engineers from the original collaboration team founded dcSpark... + In July 2021, the technical white paper was released to the public and Zahnentferner named the protocol Djed, after an ancient Egyptian pillar-like symbol representing stability. Some of the engineers from the original collaboration team went on to found dcSpark... - ...refactored the Solidity implementation for Milkomeda-C1 to a new version of the protocol, taking into account lessons learned from Ergo's SigmaUSD's two years of success. + ...refactored the Solidity implementation for Milkomeda-C1 to a new version of the protocol, considering lessons learned from Ergo's SigmaUSD's two years of success.Also applies to: 27-27
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public/articles/the-history-of-djed-and-the-djed-alliance.mdpublic/articles/understanding-why-and-how-stablecoins-depeg.mdpublic/images/Djed and Djed Alliance Full History.webppublic/images/Kaiko Volatility Data.webppublic/images/USDC depegging to 0.88 after the news broke. Source CoinMarketCap.webppublic/images/USDR loses its peg on Pearl DEX. Source DEXScreener.webppublic/images/USDT depegging to $0.95 shortly after the LUNA UST crisis. Source CoinMarketCap.webppublic/images/USP depegging to 0.47 after the flash loan attack. Source CoinMarketCap.webppublic/images/understanding-why-and-how-stablecoins-depeg.webp
🧰 Additional context used
🪛 LanguageTool
public/articles/understanding-why-and-how-stablecoins-depeg.md
[style] ~11-~11: This phrase is redundant. Consider using “outside”.
Context: ...itoring-tool/), often driven by factors outside of the issuer’s control. To understand the...
(OUTSIDE_OF)
[style] ~98-~98: Consider a more concise word here.
Context: ...They help users maintain a steady value in order to facilitate transactions. Yet, their sta...
(IN_ORDER_TO_PREMIUM)
[style] ~98-~98: Consider using a more concise synonym.
Context: ..., their stability can be compromised by a variety of external factors, leading to deviations...
(A_VARIETY_OF)
public/articles/the-history-of-djed-and-the-djed-alliance.md
[style] ~18-~18: Three successive sentences begin with the same word. Consider rewording the sentence or use a thesaurus to find a synonym.
Context: ...](https://en.wikipedia.org/wiki/Djed). In 2021, some of the engineers from the or...
(ENGLISH_WORD_REPEAT_BEGINNING_RULE)
[style] ~27-~27: ‘taking into account’ might be wordy. Consider a shorter alternative.
Context: ...da-C1 to a new version of the protocol, taking into account lessons learned from Ergo’s SigmaUSD’s ...
(EN_WORDINESS_PREMIUM_TAKING_INTO_ACCOUNT)
🔇 Additional comments (5)
public/articles/understanding-why-and-how-stablecoins-depeg.md (2)
1-7: YAML front matter and metadata look good.The article is well-structured with clear title, author attribution, publication date, feature image, and excerpt. The opening section contextualizes stablecoins effectively and flows naturally into the mechanics explanation.
11-102: Content accuracy verified against recent crypto events.The article's key examples and mechanisms are factually grounded:
- USDT/LUNA depeg (May 2022): The Luna collapse wiped out over $50bn in market capitalization, consistent with your description.
- USDC depeg (March 2023): Circle had $3.3 billion deposited with Silicon Valley Bank, and USDC lost its peg to the U.S. dollar, aligning with your $0.88 figure.
- The explanation of how secondary market prices diverge from pegs and how arbitrage typically restores them is sound.
- The taxonomy of depeg triggers (market volatility, liquidity, technical issues, macro factors, regulatory) reflects real-world patterns.
The article provides accessible education on a complex topic without oversimplification.
public/articles/the-history-of-djed-and-the-djed-alliance.md (3)
1-7: YAML front matter is well-formatted.Title, author ("Zahnentferner"), publication date (2023-04-03), feature image, and excerpt are all clearly defined. The metadata is complete and appropriate.
11-33: Historical narrative is accurate and well-sourced.Key milestones and dates have been verified against official Djed Alliance documentation:
- Protocol creation started in 2020 by a collaboration team comprising researchers and engineers affiliated with Ergo, Emurgo and Input Output, matching your account.
- The longest-running Djed deployment has been in Q1 2021 and its stablecoin has never lost the peg, consistent with your SigmaUSD section.
- The technical white paper was released to the public in July 2021 and Zahnentferner named the protocol Djed, after an ancient Egyptian pillar-like symbol representing stability.
- In 2021, some engineers founded dcSpark, which built Milkomeda-C1, and together with VacuumLabs implemented Djed in Solidity and deployed to Milkomeda-C1 in February 2022.
- In February 2022, Zahnentferner founded the Djed Alliance.
The article provides a clear, chronological narrative of the protocol's evolution across multiple blockchain ecosystems and successfully contextualizes Djed within the broader stablecoin landscape.
35-35: Image path is correct and file exists.The relative path
../images/Djed and Djed Alliance Full History.webpcorrectly resolves topublic/images/and the file is present. No action needed.
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