Stable STABLE
1. Summary
- Description
-
Overview of STABLE
Overview of STABLE
STABLE is the native governance token of the USDFI protocol. It functions as both a value-accruing governance token and has a distinct protocol-based, perpetual buyback mechanism. This buyback mechanism is designed to maintain price stability over time. Additionally, STABLE operates under novel dual-ve tokenomics.
USDFI Protocol
The USDFI protocol is a comprehensive decentralized finance (DeFi) platform that offers a one-stop solution for all DeFi needs. It is designed to provide a seamless digital economy by integrating lending, liquidity, stablecoin, and yield aggregation in a single protocol. USDFI represents a significant advancement in DeFi, offering a truly decentralized currency through its stablecoin and collateralized revenue streams.
STABLE Tokenomics
STABLE token holders can participate in the protocol's governance by locking their tokens to create veSTABLE, which grants them voting rights on gauges. Users can earn STABLE by providing liquidity to the protocol.
USDFI Key Features
- Stability Mechanisms: The protocol acts as a buyer and automated market maker of last resort for the USDFI stablecoin, ensuring price stability.
- Scalability: The protocol is designed to adapt to changing market conditions without requiring USD-linked collateral, enabling scalability as needed.
- Revenue Generation: The protocol generates revenues through its lending and liquidity operations, which are held in a protocol-owned on-chain treasury with proof of reserves, ensuring stability.
| Price | |
| 52W High price | $8.47 |
| 52W High date | 2nd Oct 2023 (1 year ago) |
| All Time High (ATH) Date | 29th May 2024 (5 months ago) |
| ATH Price | $18.21 |
| % From ATH | -79.14% |
| All Time Low (ATL) Date | 5th Aug 2024 (3 months ago) |
| ATL Price | $2.95 |
| % From ATL | 28.81% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $1,905.00 |
STABLE
How does Stable's (STABLE) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-34.3%
STABLE
-20.3%
Similar Market Cap
60 Day Return
-42.6%
STABLE
-14.4%
Similar Market Cap
1 Year Return
-50.6%
STABLE
-17.2%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | 2,205 |
| Active Discord Users | 54 |
| Telegram Users | 2,130 |
| Twitter followers | 5,684 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://usdfi.com |
|---|---|
| Explorer | https://bscscan.com/token/0xa3870fbBeb730BA99e4107... |
| @stable_usdfi |
What is the correct contract address for Stable?
| Binance-smart-chain | 0x8bf75bc68fd337dfd8186d731df8b3c2cb14b9e6 |
|---|
Has Stable been audited for security?
No security audits found for this project.
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