Stabilize Launch Details

Stabilize
3 min readNov 1, 2021

TLDR;

  • Launches on Nov 1st, 2021.
  • Before receiving the official notice — do not interact with any contract.
  • $SET rewards will be live at launch.
  • There will be 1 Billion $SET tokens. Allocations and distribution methods can be found below.
  • When released, supports AVAX, ETH.e, WBTC.e

Launch Details

Deployment

We will start to deploy Stabilize contracts to Avalanch on Nov 1st, 2021. Due to a large number of contracts, it may take several hours. We will publish the official notification once all deployments are completed.

Functionality

Stabilize will be fully functional at launch minus redemptions. Users will have the following ability:

  • Open a Trove and borrow U.token
  • Deposit U.token to the Stability Pool & Earn $SET
  • Stake $SET to SET POOL
  • Stake Traderjoe USDC: SUSD and USDC: SET LP tokens on farming pool

However, for the first ~14 days after launch redemptions will be disabled. This is to encourage growth of the system during its bootstrapping phase and to protect borrowers from otherwise unnecessary redemptions while they’re getting acclimated. Redemptions will be automatically enabled by the protocol after the 14 day grace period is complete.

$SET

$SET is the secondary token issued by protocol. It captures the fee revenue that is generated by the system and incentivizes early adopters.

U.Token

U.Token is minted by staking collaterals via Stabilize Protocol on Avalanche Network. U.Token is the USD-pegged stablecoin used to pay out loans on the Stabilize protocol. At any time it can be redeemed against the underlying collateral at face value. Read More

Stabilize USD ($SUSD)

Stabilize USD ($SUSD) is a stablecoin wrapped by any U.TOKEN. Since each U.TOKEN is independent, we need a unified stablecoin to meet the ease of use.

When released, user can wrap U.AVAX / U.ETH/ U.WBTC to $SUSD and earn $SET by staking USDC-SUSD JLP on farming pool.

Farming Pool

  • USDC/$SUSD -Traderjoe-LP will be activated immediately after the successful deployment of contracts.
  • USDC/$SET -Traderjoe-LP will be activated within 12 hours after the implementation of contracts.

Token Distribution

  • 1 Billion (1,000,000,000) $SET tokens in total.
  • No Pre-sale

77% to Stabilize Community

For each new collateral in the different chain, its Stability pool will be allocated to 1.2%, so the system allows a maximum of 50 assets to be supported as collateral.

Stability Pool

  • Stability pool rewards of $ETH.e (1.2%): Issued to users who deposit U.ETH to the Stability Pool. The rewards described by the following function: 12,000,000 * (1–0.5^year)
  • Stability pool rewards of $AVAX (1.2%): Issued to users who deposit U.AVAX to the Stability Pool. The rewards described by the following function: 12,000,000 * (1–0.5^year)
  • Stability pool rewards of $WBTC.e (1.2%): Issued to users who deposit U.WBTC to the Stability Pool. The rewards described by the following function: 12,000,000 * (1–0.5^year)

*The protocol, when released, will support the above 3 collaterals, so each collateral’s Stability Pool is allocated 1.2%.

Liquidity Reward

  • 17% given as incentives for $SET and $SUSD liquidity providers.

13% to Marketing/Investors/Bounties

  • Initial Liquidity — 0.3%
  • Marketing — 2.95%
  • Potential Strategic Investors — 10%
  • Airdrop to $PYQ Pool Stakers - 0.05%, 1 year linear release, daily emissions approximately 1,367 $SET.

10% to Team

Released linearly over 2 years.

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

--

--

Stabilize

A stable decentralized borrowing protocol on Avalanche.