Stablecoin record
Empty Set Dollar
Early unbacked algorithmic dollar asset using epoch-based supply changes and debt incentives; the ESD design lost practical peg relevance and was superseded by later Empty Set architecture.
LifecycleCollapsed
Events1
Sources3
| Symbol | ESD |
|---|---|
| Asset class | Stablecoin |
| Reference target | Fiat |
| Redemption / exit model | Terminated |
| Valuation source | Public information is incomplete |
| Yield / rebase profile | None recorded |
| Classification notes | Historical unbacked algorithmic stablecoin; exact terminal date remains uncertain. |
| Lifecycle status | Collapsed |
| Issuance status | Terminated |
| Peg reference | Fiat · USD |
| Backing types | Unbacked |
| Stabilization | Algorithmic Supply |
| Governance | Protocol Governed |
| Primary organization | Empty Set Squad |
| Primary role | Protocol Operator |
| Last reviewed | 2026-06-17 |
| Organization | Role | From | Until | Relationship status |
|---|---|---|---|---|
| Empty Set Squad | Protocol Operator | — | — | Ended |
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Empty Set Squad
Decentralized Protocol · Decentralized
Event history
1 event connected to this stablecoin.
| Disclosure status | Not Applicable |
|---|---|
| Backing types | Unbacked |
| Summary | ESD had no reserve pool or issuer balance-sheet backing. |
| As of | 2026-06-17 |
| Profile confidence | High |
| Current status | Terminated |
|---|---|
| Settlement asset | No recorded change |
| Eligible parties | None documented. |
| Retail access | Not Available |
| Institutional access | Not Available |
| Minimum amount | Not applicable. |
| Fee | Not applicable. |
| Settlement time | Not applicable. |
| Regional limits |
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 3 |
| Reserve reports | 1 |
| Regulatory notes | 0 |
| Deployments | 1 |
| Issuer-control actions | 0 |
| Open questions | 2 |
| Events | 1 |
| Date | Event | Type | Detail kind | Recovered |
|---|---|---|---|---|
| — | ESD loses durable peg relevance and is superseded | Peg Failure and Protocol Supersession | Termination | — |
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| — | OpenZeppelin / Empty Set | Historical Protocol Model | Unbacked | High |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
| Chain | Standard | Deployment | Status | Freeze | Blacklist | Control events | Contract | Notes |
|---|---|---|---|---|---|---|---|---|
| Ethereum | ERC-20 | Historical Protocol Native Token | Inactive | Unknown | Unknown | 0 | Not yet verified | Historical primary deployment; complete contract lineage remains unresolved. |
| Source | Publisher | Type | Evidence scope | Reliability |
|---|---|---|---|---|
| Empty Set V2 Audit | OpenZeppelin | Security Audit | Identity, Protocol Model, ESD, sESD, Entity and Model | High |
| Empty Set protocol repository | Empty Set Squad | Official Repository | Successor Architecture, Protocol Repository, Protocol Lineage | High |
| Empty Set V2 audit by OpenZeppelin | Empty Set Dollar | Official Blog | V2, Historical Protocol, Protocol Version | High |
| Topic | What remains unclear | Priority | Last checked |
|---|---|---|---|
| Exact Terminal Date | No authoritative single shutdown date for the original ESD system was established in this batch. | High | 2026-06-17 |
| Complete Contract and Successor Lineage | Every ESD, ESDS, sESD, V2, and later Empty Set contract relationship is not normalized here. | Medium | 2026-06-17 |