Why Pinto? Overview

Pinto is founded on the convictions that

1. centralized stablecoins pose an existential threat to the sovereignty of the Ethereum network;

2. fiat is the best currency model, if the power of the printer is used wisely and fairly; and

3. a properly designed set of incentives has the potential to sufficiently minimize the volatility of an on-chain fiat currency to outcompete centralized stablecoins and free Ethereum from the threat of centralized stablecoins.

The following essays give high-level color and context to Pinto from various relevant perspectives.

Announcing Pinto is the declaration of the start of the next chapter algorithmic stablecoins from Pinto’s launch in November, 2024.

Pinto: Prints for the People explains Pinto as an evolution of fiat currency.

Ethereum at 10 explains Pinto as a response to the existential threat posed by centralized stablecoins to the Ethereum network.

Credit vs Collateral explains why credit based stablecoins have intrinsic economic advantages over collateralized stablecoins.

Terrable Design: Lessons from Terra's Collapse on the Path to a Scalable Network Native MoE & UoA responds to the biggest and most frequently cited FUD when it comes to algorithmic stablecoins: “what about Terra!?”

4 Years of Beanstalk recaps the journey thus far to create an algorithmic on-chain fiat currency since Beanstalk, the predecessor to Pinto, was deployed on Ethereum mainnet in 2021.

Economic Principles explains the economic convictions behind the Pinto model.

Classifying Stablecoins presents a holistic framework to understand the various stablecoin models.

Why Pinto Contributor Articles are pieces written by contributors to Pinto, past and present, on why they are working on algorithmic on-chain fiat currency.

Pinto Roadmap (coming soon) expounds on important development updates made since the protocol was deployed in November, 2024 and the plans for future development in 2026.

Values and Properties defines and briefly explains essential elements that ground Pinto's vision, and how Pinto implements them.