🆕Stabilize Token ($SET)

$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

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.

Transfer Fee

Mechanism:

The token contract will charge the fee(1%) for each $SET transaction.

  • 0.5% distributed to $SET stakers.

  • 0.5% will be permanently burned.

Whitelist:

  • 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.

$SET Pool

100% protocol revenues are sent to $SET pool stakers.

  • Borrowing Fee

  • Redemption Fee

  • Transfer Fee

Normal Staking

With the Normal Staking mode, you can withdraw all your $SETs at any time.

Locker Staking

Benefits

  • 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

Unlocking

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.

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