From 20b7f5b562c26067c6b63176f0c55b2bb8572c8f Mon Sep 17 00:00:00 2001
From: "dr. mia von steinkirch, phd"
 <1130416+mvonsteinkirch@users.noreply.github.com>
Date: Tue, 7 Feb 2023 16:16:02 -0800
Subject: [PATCH] Update README.md

---
 defi_and_trading/stablecoins/README.md | 37 +++++++++++++++++++++-----
 1 file changed, 30 insertions(+), 7 deletions(-)

diff --git a/defi_and_trading/stablecoins/README.md b/defi_and_trading/stablecoins/README.md
index 69b727a..d01f9a3 100644
--- a/defi_and_trading/stablecoins/README.md
+++ b/defi_and_trading/stablecoins/README.md
@@ -1,11 +1,7 @@
-## 💰 stablecoins
+## stablecoins
 
 <br>
 
-<img width="758" alt="Screen Shot 2022-10-07 at 1 32 54 PM" src="https://user-images.githubusercontent.com/1130416/194648266-bb67eca3-dc70-4321-b9d6-25246b4156af.png">
-
-
-<br>
 
 ### tl, dr
 
@@ -13,7 +9,9 @@
 
 #### fiat-collateralized stablecoins 
 
-* Fiat-collateralized stablecoins are stablecoins that are backed by fiat currencies like the US dollar. 
+<br>
+
+* fiat-collateralized stablecoins are stablecoins that are backed by fiat currencies like the US dollar. 
 * Their reserves are held by a central entity. The most popular fiat-backed stablecoins at this time are USDC, USDT, and BUSD. 
 * The main weakness of fiat-collateralized stablecoin is centralization as the collateral of a fiat-collateralized stablecoin is held by one independent party.
 
@@ -21,6 +19,8 @@
 
 #### cryptocurrency-backed stablecoins
 
+<br>
+
 *  This motivated the development of more decentralized, cryptocurrency-backed stablecoin. 
 *  The main player in this category today is MakerDAO’s Dai stablecoin.
 *  While crypto-backed stablecoins are good for their decentralization, they are capital inefficient. '
@@ -29,11 +29,33 @@
 
 #### decentralized (algorithmic) stablecoins
 
+<br>
+
 *  The average consumer or institutional investor would rather mint 1:1 through a centralized fiat stablecoin than have to over-collateralize by at least 150% to issue a decentralized stablecoin. 
 *  For this reason, developers set out to create non-collateralized (or algorithmic) stablecoins. 
 *  These coins maintain their peg without having to directly collateralize the issuance. 
 *  The two largest forces in the market in this category are Terra and Fei.
 
+<br>
+
+---
+
+### in this dir
+
+<br>
+
+* [curve](Curve.md)
+* [dai](DAI.md)
+* [(rip) ust](UST.md)
+
+
+<br>
+
+<br>
+
+<img width="500" src="https://user-images.githubusercontent.com/1130416/194648266-bb67eca3-dc70-4321-b9d6-25246b4156af.png">
+
+
 <br>
 
 ---
@@ -42,4 +64,5 @@
 
 <br>
 
-* [high level intro from ethereum.org](https://ethereum.org/en/stablecoins/)
+* [stablecoins by the ef](https://ethereum.org/en/stablecoins/)
+