We are developing a new yield-bearing stablecoin which has not been explored by many yet. As a result, explaining the mechanism behind our model is crucial. Stable Jack partitions AVAX volatility into two products to have a new yield-bearing stablecoin, called aUSD, while also creating a volatile AVAX token, called xAVAX. To make things simpler, we should consider the entire system as one big CDP in which:the total AVAX reserve represents the total CDP collateralthe total aUSD supply represen...

We are developing a new yield-bearing stablecoin which has not been explored by many yet. As a result, explaining the mechanism behind our model is crucial. Stable Jack partitions AVAX volatility into two products to have a new yield-bearing stablecoin, called aUSD, while also creating a volatile AVAX token, called xAVAX. To make things simpler, we should consider the entire system as one big CDP in which:the total AVAX reserve represents the total CDP collateralthe total aUSD supply represen...

The DeFi ecosystem witnesses new financial primitives every day. At Stable Jack, we are also developing a new financial primitive, called xAVAX. In this article, we will outline the reasons to utilize xAVAX so that you can have a clear understanding of the value proposition of xAVAX. xAVAX is a volatile AVAX token that mirrors the price volatility of AVAX exponentially similar to leveraged contracts without funding fee or liquidation risk. It can be seen as a looping token as well, which allo...

The DeFi ecosystem witnesses new financial primitives every day. At Stable Jack, we are also developing a new financial primitive, called xAVAX. In this article, we will outline the reasons to utilize xAVAX so that you can have a clear understanding of the value proposition of xAVAX. xAVAX is a volatile AVAX token that mirrors the price volatility of AVAX exponentially similar to leveraged contracts without funding fee or liquidation risk. It can be seen as a looping token as well, which allo...

It’s been a clear consensus that stablecoins are one of the PMFs in the crypto ecosystem. As the stablecoin market cap has reached almost $140 billion, we can assume that this market will continue to grow significantly in the future. As the success of $USDT and $USDC made builders realize that stablecoins are a profitable business, several teams have been trying to build their stablecoins. Those builders have been developing different types of stablecoins to offer different value propositions...

It’s been a clear consensus that stablecoins are one of the PMFs in the crypto ecosystem. As the stablecoin market cap has reached almost $140 billion, we can assume that this market will continue to grow significantly in the future. As the success of $USDT and $USDC made builders realize that stablecoins are a profitable business, several teams have been trying to build their stablecoins. Those builders have been developing different types of stablecoins to offer different value propositions...

Everyone is familiar with using USDC or USDT for daily purposes or trading activities in DeFi. To be honest, they are pretty cool products that showed resilience during their existence. As a result, many may consider whether they should use any other stablecoin than USDC and USDT. In this article, we will outline the reasons to use aUSD so that you can have a clear understanding of the value proposition of aUSD. aUSD is a decentralized yield-bearing stablecoin that is fully collateralized and...

Everyone is familiar with using USDC or USDT for daily purposes or trading activities in DeFi. To be honest, they are pretty cool products that showed resilience during their existence. As a result, many may consider whether they should use any other stablecoin than USDC and USDT. In this article, we will outline the reasons to use aUSD so that you can have a clear understanding of the value proposition of aUSD. aUSD is a decentralized yield-bearing stablecoin that is fully collateralized and...