In the consideration of adding new algorithmic stablecoin (EUR), we should consider whether this EUR should pay seigniorage EUR to the existing SHARE token or a new EUR SHARE token.
Discussion: https://gov.dollarprotocol.com/t/discussion-yuan-and-euro-stablecoin/41/37
Pros of using existing SHARE: 1: increases value of SHARE token as it is the central governance and seigniorage of all algorithmic stablecoin pairs 2: share holders become incentivized to help maintain the peg for all tokens because they all affect the share value 3: everyone feels more incentivized to keep pairs that are stable and remove pairs that are not
Pros of using new EURO SHARE: 1: increases resiliency of system in case one pair fails and dilutes SHARE too much 2: could have separate governance ecosystem in future 3: fresh clean start without the history of USD V1 migration
Cons of using new EURO SHARE: 1: may fragment ecosystem too much 2: too many parallel systems running at the same time without support systems for each other