Stable Jack is an Avalanche native LSTfi protocol that partitions AVAX volatility into two products to have a new yield-bearing stablecoin, called aUSD, while also creating a volatile AVAX token, called xAVAX.

We are developing a yield-bearing stablecoin that offers:

• capital efficiency
• no liquidation risk
• no exposure to centralized party risks

We are building a volatile AVAX token that offers:

• DeFi composability
• no funding fees
• an extremely low risk of liquidation

The protocol will benefit the Avalanche ecosystem in 4 major areas:

• AVAX-powered: As an AVAX-backed stablecoin, the creates demand for AVAX.

• Unlocking AVAX LST liquidity: The protocol allows AVAX LSTs such as sAVAX to be effectively utilized for further financial activity which was not possible before.

• New Use Cases for AVAX: The protocol creates new use cases for AVAX and utilizes it to build two new financial products.

• Increased and Diversified Security: By utilizing LST protocols, the protocol directly helps the security of the protocol while also diversifying its participants.