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Stable JackReflections on 2025 and the Future of StableJack
2025 has been an eventful year for StableJack. We successfully launched v2, completed our TGE, added new markets, and rolled out the pre-beta version of our AI-powered trading terminal. In this article, I want to share our thoughts on the current state of StableJack and our vision for the future.Our RootsFor those who may not know us, we launched StableJack v1 on Avalanche around June 2024. At the time, we were three first-time co-founders who had been self-funding the project for nearly six ...
Stable JackPlatypus Takeover Announcement
The DeFi is meant to break the chains of TradFi. This requires innovative and daring products to be launched, and tested. We have seen many groundbreaking protocols such as Ethereum, Avalanche, Maker DAO, Uniswap, and Curve that share the same mindset and goals. Platypus was among these groundbreaking protocols that had the potential to break the chains of TradFi. It reached over 1b$ in TVL at its peak. However, some setbacks have prevented Platypus from becoming mainstream. At Stable Jack, w...
Stable JackExploring Stable Jack’s Working Mechanism
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...
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Stable JackReflections on 2025 and the Future of StableJack
2025 has been an eventful year for StableJack. We successfully launched v2, completed our TGE, added new markets, and rolled out the pre-beta version of our AI-powered trading terminal. In this article, I want to share our thoughts on the current state of StableJack and our vision for the future.Our RootsFor those who may not know us, we launched StableJack v1 on Avalanche around June 2024. At the time, we were three first-time co-founders who had been self-funding the project for nearly six ...
Stable JackPlatypus Takeover Announcement
The DeFi is meant to break the chains of TradFi. This requires innovative and daring products to be launched, and tested. We have seen many groundbreaking protocols such as Ethereum, Avalanche, Maker DAO, Uniswap, and Curve that share the same mindset and goals. Platypus was among these groundbreaking protocols that had the potential to break the chains of TradFi. It reached over 1b$ in TVL at its peak. However, some setbacks have prevented Platypus from becoming mainstream. At Stable Jack, w...
Stable JackExploring Stable Jack’s Working Mechanism
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...
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At Stable Jack, we have been building the first yield-bearing stablecoin on Avalanche for the last six months. We are glad to share that we are going to launch on mainnet soon!
We launched our journey almost a year ago after the $USDC depeg because we believe there is a place for decentralized stablecoins. During this process, we saw that some stablecoins created massive financial losses like $UST while new types of stablecoins were emerging such as yield-bearing stablecoins.
This experience made us realize that the market is thirsty for 2 things:
a decentralized alternative to the existing stablecoins
a stablecoin that can offer a competitive yield
Therefore, we decided to build Stable Jack on Avalanche.
Why Avalanche?
Apart from Ethereum, Avalanche has the most matured LST ecosystem exist in EVM chains. However, there are no LSTfi protocols that were built on top of this infrastructure. This limits the potential of LST protocols on Avalanche.
Although Avalanche is one of the OG chains in the ecosystem, there is no decentralized stablecoin backed by $AVAX. $DAI - being the biggest decentralized stablecoin- is among the reasons why Ethereum has been so successful in bringing liquidity, builders, and projects to the ecosystem. We decided that it was time to build the $DAI for Avalanche, but a better version of it.
In addition to this, derivatives are one of the most successful products that have found PMF in the ecosystem. However, most of the protocols in this sector can’t differentiate themselves as their value proposition is not better than CEXs or doesn’t differ a lot from the existing alternatives. By tokenizing perpetual positions, we are offering a new alternative to derivative markets.
How does Stable Jack help the Avalanche ecosystem?
At Stable Jack, by utilizing LST assets as collateral, we are unlocking the idle liquidity that can be put into the work. This will increase the demand for LST assets while helping to secure the chain.
Moreover, it should be noted that $aUSD and $xAVAX demand creates a demand for $AVAX. At Stable Jack, for every $1 deposited into the protocol, we will create a buy pressure for $AVAX, reflecting the utility of $AVAX as a commodity.
Leverage trading is one of the most popular use cases in the Web3 ecosystem. CEXs allow $AVAX leverage trade in their platforms, and even though this is not inherently a bad thing, it takes liquidity from C-chain. However, our novel product, $xAVAX, a leveraged token without liquidation or funding fee, can keep the $AVAX liquidity on the chain, thus, allowing deep liquidity.
Most importantly, we believe that if we aim to grow, we need to grow together. As an Avalanche-aligned stablecoin project, we can boost demand for other DeFi protocols across the Avalanche ecosystem, including DEXs, lending market, LST protocol, etc. Our unique position allows us to cooperate with every protocol instead of competing with them.
**Conclusion
**
Until now, we are very grateful to receive the support of the Avalanche team. They have been super helpful in terms of connecting us with fellow builders across the ecosystem, giving feedback and suggestions, and also supporting us in every possible, including a grant from the Avalanche Community Grant Program powered by Gitcoin.
Let’s grow together!
Website/Twitter/Discord/Mirror/Gitbook/Debank
At Stable Jack, we have been building the first yield-bearing stablecoin on Avalanche for the last six months. We are glad to share that we are going to launch on mainnet soon!
We launched our journey almost a year ago after the $USDC depeg because we believe there is a place for decentralized stablecoins. During this process, we saw that some stablecoins created massive financial losses like $UST while new types of stablecoins were emerging such as yield-bearing stablecoins.
This experience made us realize that the market is thirsty for 2 things:
a decentralized alternative to the existing stablecoins
a stablecoin that can offer a competitive yield
Therefore, we decided to build Stable Jack on Avalanche.
Why Avalanche?
Apart from Ethereum, Avalanche has the most matured LST ecosystem exist in EVM chains. However, there are no LSTfi protocols that were built on top of this infrastructure. This limits the potential of LST protocols on Avalanche.
Although Avalanche is one of the OG chains in the ecosystem, there is no decentralized stablecoin backed by $AVAX. $DAI - being the biggest decentralized stablecoin- is among the reasons why Ethereum has been so successful in bringing liquidity, builders, and projects to the ecosystem. We decided that it was time to build the $DAI for Avalanche, but a better version of it.
In addition to this, derivatives are one of the most successful products that have found PMF in the ecosystem. However, most of the protocols in this sector can’t differentiate themselves as their value proposition is not better than CEXs or doesn’t differ a lot from the existing alternatives. By tokenizing perpetual positions, we are offering a new alternative to derivative markets.
How does Stable Jack help the Avalanche ecosystem?
At Stable Jack, by utilizing LST assets as collateral, we are unlocking the idle liquidity that can be put into the work. This will increase the demand for LST assets while helping to secure the chain.
Moreover, it should be noted that $aUSD and $xAVAX demand creates a demand for $AVAX. At Stable Jack, for every $1 deposited into the protocol, we will create a buy pressure for $AVAX, reflecting the utility of $AVAX as a commodity.
Leverage trading is one of the most popular use cases in the Web3 ecosystem. CEXs allow $AVAX leverage trade in their platforms, and even though this is not inherently a bad thing, it takes liquidity from C-chain. However, our novel product, $xAVAX, a leveraged token without liquidation or funding fee, can keep the $AVAX liquidity on the chain, thus, allowing deep liquidity.
Most importantly, we believe that if we aim to grow, we need to grow together. As an Avalanche-aligned stablecoin project, we can boost demand for other DeFi protocols across the Avalanche ecosystem, including DEXs, lending market, LST protocol, etc. Our unique position allows us to cooperate with every protocol instead of competing with them.
**Conclusion
**
Until now, we are very grateful to receive the support of the Avalanche team. They have been super helpful in terms of connecting us with fellow builders across the ecosystem, giving feedback and suggestions, and also supporting us in every possible, including a grant from the Avalanche Community Grant Program powered by Gitcoin.
Let’s grow together!
Website/Twitter/Discord/Mirror/Gitbook/Debank
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