Stable Jack
100%
average score over 1 application evaluations
Developing a yield-bearing stablecoin and a volatile AVAX token to enhance capital efficiency, reduce risks, and diversify security within the Avalanche ecosystem.

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.

Stable Jack History

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