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:
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AVAX-powered: As an AVAX-backed stablecoin, the creates demand for AVAX.
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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.
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New Use Cases for AVAX: The protocol creates new use cases for AVAX and utilizes it to build two new financial products.
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Increased and Diversified Security: By utilizing LST protocols, the protocol directly helps the security of the protocol while also diversifying its participants.
Stable Jack History
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accepted into Avalanche Community Grants Quadratic Funding Round One 7 months ago.