Stabilize

Stabilize will add DAI.e as new collateral at 2021/11/10 14:00:00 UTC.

After added, users will be allowed to mint stablecoin U.DAI by staking DAI.e. Given the stablecoin properties of DAI, TCR and MCR of this collateral are adjusted to 115% and 105% respectively, meaning that the capital utilization rate can reach 95%.

Details

Chain

C-Chain on Avalanch

Collateral

DAI.e

Total Collateral Ratio (TCR)

115%

Minimum Collateral Ratio (MCR)

105%

Borrowing Fee

1%

U.Token Name

U.DAI

Governance

The event was initiated by Stabilize and the result was reached after a Twitter Poll. This is an early example of community governance.

Links

Website: https://www.stabilize.fi

Docs: https://docs.stabilize.fi

Twitter:https://twitter.com/stabilize_fi

Telegram: https://t.me/StabilizeFi

Discord: https://discord.gg/c4gQgVrGGj

Github: https://github.com/Stabilizefi

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Stabilize

Stabilize

A stable decentralized borrowing protocol on Avalanche.