To maintain a price peg in an algorithmic stablecoin, what is the exact mechanism required to prevent 'death spiral' scenarios when the collateralization ratio falls below the threshold?

To prevent a death spiral when the collateralization ratio falls below its required threshold, an algorithmic stablecoin must employ an automated, non-discretionary mechanism that forces the immediate reduction of the circulating stablecoin supply. A death spiral occurs when users lose confidence in the stablecoin, selling it for collateral, which causes the collateral ratio to drop, triggering further panic selling. The mechanism to halt this is a hard-coded protocol-level contraction process, often c....