Is a
Cryptocurrency attributes
Industry
Ticker Symbol
SET
Maximum Supply
1,000,000,000
Block Explorer URL
Other attributes
CoinGecko ID
Company Operating Status
Active
Cryptocurrency Symbol
SET
Location
Medium URL
Exchange
Total Supply
1,000,000,000
Stabilize Protocol (Defi 2.0)
Stabilize is a decentralized borrowing protocol that allows you to draw interest-free loans against Crypto-Assets( basic asset & ibTKNs) used as collaterals.
Loans are paid out in U.TOKEN (a USD pegged stablecoin) and need to maintain a minimum collateral ratio of 110%.
In addition to the collaterals, the loans are secured by a Stability Pool containing Stabecoins and by fellow borrowers collectively acting as guarantors of last resort.
Stabilize takes advantage of Liquity’s and Polyquity's unique economic incentives to create a robust and scalable stablecoin.
Stabilize will be launched on the Avalanche network first.
Timeline
No Timeline data yet.
