Idea Shitposting… DexySilver: The Stablecoin That Pays Miners Forever

The following is based on a rough idea, a hallucination I have had for a while.

Although an RSN/Silver oracle has already been built, it is not a serious development at this time.

I want to watch Dexy and Gluon live in parallel and learn more in real-time before putting any extra energy and development effort toward such an endeavor. They have different designs and risk profiles that need to be battle-tested to understand performance. Then, it can be extended or improved. These are experimental designs but based on well-thought-out approaches.

A lot would need to be ironed out to take a hallucination and make it a reality, but shitposting random ideas hopefully helps refine them towards some end, or they die.

In life, we have possibility, probability, and reality.

This is just a possibility to think about.

Defining probability and bringing something into reality take a lot more refinement and work.

So here goes.

DexySilver: The Stablecoin That Pays Miners Forever

Imagine a stablecoin that doesn’t just hold value but actively supports the very network it runs on — forever. DexySilver, built on the Ergo blockchain, is a silver-backed stablecoin with a revolutionary twist: it perpetually rewards miners through an ongoing emission contract fueled by its own usage.

Pegged to 1 gram of silver via an XAG/RSN oracle (where RSN is the Rosen Bridge token), DexySilver combines the stability of a precious metal with a self-sustaining economic model that ties its success to the miners securing Ergo’s proof-of-work system. This high-level vision redefines how stablecoins can coexist with blockchain ecosystems, creating a virtuous cycle of adoption, security, and rewards.

The Core Idea

At its heart, DexySilver is about alignment. Traditional stablecoins like USDT or DAI focus on peg maintenance through reserves or overcollateralization, often neglecting the underlying network’s health. DexySilver flips this script by channeling a portion of every transaction — whether minting, trading, or bridging — into an emission contract that pays miners indefinitely. Unlike Ergo’s original emission, which distributed a fixed ERG supply with no premine over time, DexySilver’s emissions have no end date. Instead, they scale with usage: the more the stablecoin is minted, swapped in liquidity pools, or transferred across chains via Rosen Bridge, the more fees are collected and redistributed to miners. This creates a stablecoin that doesn’t just sit idly — it actively strengthens the blockchain it depends on.

How It Works

The mechanism is elegantly simple yet powerful. Users mint DexySilver by depositing RSN at the oracle’s silver price (e.g., 10 RSN for 1 gram). Every interaction — minting, trading in the DexySilver/RSN liquidity pool, or bridging to other networks — incurs a small fee. A significant chunk of these fees flows into the emission contract, a transparent, by Ergo’s genesis design. From there, miners receive a dual reward: a flat baseline emission (say, 1 RSN or 0.1 DexySilver per block) to ensure consistency, plus I guess there is potential to add logic for a bonus tied to the fees collected over a recent period (e.g., x% of fees from the last 1,000 blocks). The result? A steady trickle of rewards during quiet times, and a flood of payouts when DexySilver thrives — directly linking miner income to stablecoin adoption.

Why Miners Matter

Miners are the unsung heroes of proof-of-work blockchains like Ergo, securing transactions and maintaining decentralization. Yet, as fixed emissions taper off (like Bitcoin’s halving or Ergo’s finite supply), they increasingly rely on transaction fees, which can be unpredictable. DexySilver solves this by turning miners into stakeholders in its success. The more people use the stablecoin — to hedge against volatility with silver, trade in DeFi, or move assets across chains — the more miners earn. It’s a perpetual paycheck, not a one-time windfall, ensuring Ergo’s security grows alongside DexySilver’s footprint. This isn’t just a reward — it’s an incentive for miners to promote and protect the ecosystem.

The Perpetual Promise

What sets DexySilver apart is its longevity. Most stablecoins rely on external backing or temporary incentives that fade once bootstrapping ends. DexySilver’s emission contract is self-funding: fees from usage replace the need for a fixed token supply or endless RSN injections. If adoption soars — say, through Rosen Bridge connecting it to Cardano ect. — the fee pool swells, and miners reap bigger bonuses. If activity dips, the flat emission keeps them in the game. This balance ensures sustainability without over-inflating the system, while the silver peg offers a timeless value proposition rooted in a real-world asset.

A Stablecoin with a Purpose

DexySilver isn’t just about price stability — it’s about ecosystem stability. By paying miners forever, it aligns the interests of users, liquidity providers, cross-chain bridge operators, and Ergo’s miners under one banner.

Users get a silver-backed asset tradable anywhere Rosen Bridge reaches. Miners get a reliable, usage-driven income stream. And the Ergo network gets a stronger foundation as DexySilver grows. It’s a stablecoin with a mission: to fuse the enduring appeal of silver with a blockchain economy that thrives indefinitely.

In essence, DexySilver reimagines the stablecoin as a living, breathing part of its blockchain — not just a tool for traders, but a lifeline for the miners who keep it all running. It’s the stablecoin that never stops giving back.