Create a stable coin backed by LST yields

[bigpp]

I have added some points here

Discussion on how to create a LST yield backed stablecoin

Yup, this is a good idea as the whole concept of Sanctum’s LST is not have LP’s for them as that would invalidate the yield bearing price increase on them, we have to find as many use-case as possible with the yield of the LST without disturbing the collateral in Stake Accounts, one such case is lending of LST. But this protocol has to coded by community only cause there are many things going on in Sanctum and they are trying to be a base layer for everything LSTs, so the community can build as…