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Stabilize Token ($SET)
$SET is the secondary token issued by protocol. It captures the fee revenue that is generated by the system and incentivizes early adopters.
veSET is a non-transferable ERC-20 token, and veSET will be used in Stabilize Protocol for proposal initiation and voting.
In the SET Pool, select Locker, stake your $SET into Locker Staking, while receiving an equal number of veSET.
The token contract will charge the fee(1%) for each $SET transaction.
- 0.5% distributed to $SET stakers.
- 0.5% will be permanently burned.
- Stake $SET in SET Pool
- Middle-Layer Contract (Used for adding USDC-SET LP )
- Buy USDC/SET in Traderjoe
- Multi-Sig wallets
*Above operations in whitelist are exempt from the transaction fee.
100% protocol revenues are sent to $SET pool stakers.
- Borrowing Fee
- Redemption Fee
- Transfer Fee
With the Normal Staking mode, you can withdraw all your $SETs at any time.
- Boost 2.5x revenue than normal staking
- Get the same amount of $veSET
- $veSET holders have the right to govern and vote on the protocol
- $veSET holders can capture airdrops and other rewards
The protocol allows users to initiate an unlocking request at any time. When an unlock request is initiated, the $SET you requested to unlock will enter a pending redemption phase.
- The redemption phase lasts for 45 days. After the pending redemption phase, you can withdraw the $SET to your wallet.
- During the pending redemption phase, 2.5x revenue is no longer available, but you still have the revenue of Normal Staking.
- $veSET will be burned.
Last modified 1yr ago