Stabilize Protocol
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Introduction

Stabilize Protocol (Defi 2.0)

Stabilize is a decentralized borrowing protocol that allows you to draw interest-free loans against Crypto-Assets( basic asset & ibTKNs) used as collaterals.
Loans are paid out in U.TOKEN (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.
In addition to the collaterals, the loans are secured by a Stability Pool containing Stabecoins and by fellow borrowers collectively acting as guarantors of last resort.
Stabilize takes advantage of Liquity’s and Polyquity's unique economic incentives to create a robust and scalable stablecoin.
Stabilize will be launched on the Avalanche network first.

Endorsement

Stabilize Protocol is endorsed and licensed by the PolyQuity team, a fork of the Liquity protocol in the Polygon network, who have designed a new mechanism and economic model to upgrade the protocol to support multiple collateral. PolyQuity has tens of millions of dollars TVL and a strong community presence.

Core Features

  • Support multiple asset collateral
  • Run in multiple chains
  • By staking Collaterals Assets, Stablecoins (U.TOKEN) of zero interest-fee is minted to improve capital utilization.
  • Minimum collateral ratio of 110% — more efficient usage of deposited Collaterals assets
  • Directly redeemable — U.Token can be redeemed at face value for the underlying collateral at any time
  • Token ($SET) holders can earn U.Tokens (Borrowing fee), Collaterals (Redemption fee) and $SET(Transfer fee).
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Comparing to Other Lending/Stablecoin protocols:

Protocol
Collateral
Liquidation
Token
Network
MakerDao
Basic asset
General
Governance
Ethereum
Liquity
Ethereum
Stability Pool
Capture earnings
Ethereum
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Stabilize
Basic & Interest-Bearing assets
Stability Pool
Governance & Capture earnings
Mutiple Chains

Motivation

Decentralized lending /stablecoins have always been the infrastructure in the DeFi world. Stabilize Protocol is providing an innovative solution 2.0 for them.
With decentralized borrowing, Stabilize Protocol will become a “liquidity black hole” as users drop in their entire portfolio of LP tokens, staked assets, and base level ERC-20 tokens.
Stabilize has the potential to become one of the largest protocols in DeFi.
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Last modified 1yr ago