Stable Jack
Developing a yield-bearing stablecoin and a volatile AVAX token to enhance capital efficiency, reduce risks, and diversify security within the Avalanche ecosystem.Application
Applied on: 5 Apr 2024 07:11 PM
Approved
User Review
AI Review
A1
Reviewed on 7 Apr 2024 06:18 PM
Projects and grantees must contribute to the Avalanche Ecosystem in some demonstrable way. The grant must aim to support or directly advance the Avalanche ecosystem. This includes areas like: ** Public Goods Software ** Analytics ** Education ** On-Chain Infrastructure and Protocols ** Gaming ** NFT / Arts & Culture ** Consumer Applications
Stable Jack contributes to the Avalanche ecosystem by offering a yield-bearing stablecoin and a volatile AVAX token, as well as unlocking AVAX liquidity, contributing to network security, attracting liquidity from other chains, and increasing the demand for AVAX through its services and integration with existing protocols.
History of contributing to the Avalanche Ecosystem: While this is not a hard requirement, previous contributions by applicants to the Avalanche ecosystem will be considered for admission into grant rounds.
One of the team members, referred to as Caesar, has a demonstrated history of contributing to the Avalanche ecosystem through educational threads, working on ecosystem projects, organizing meetups, and being an AVAX ambassador.
The project needs to be at least three months old: this includes having a social presence for that period, public repositories, or verified contracts deployed.
The project seems to satisfy the longevity criteria through its social media presence and public repositories; however, exact dates of the project's inception would be required for conclusive evidence. The provided links and social presence suggest that the project has been active for at least three months.