$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.