Vitalik Buterin pitches options-based DeFi to replace liquidations and CDPs

Ethereum co-founder Vitalik Buterin has published a proposal on Ethereum Research and X, detailing a plan to rebuild synthetic assets in decentralized finance around options contracts.  This is considered a move away from the debt-and-liquidation model that most algorithmic stablecoins and perpetual futures are being used for today. What does Vitalik’s DeFi proposal change? The...