{"title": "Stablis Protocol", "logoImg": "bafkreicm3v4rxfo5ibubfo4mlahnsrii76skdss2smjf6jhbr4s7ytkpku", "website": "https://stablis.finance", "bannerImg": "bafkreihp2hkcvv3cxshxtyxrhhntzg2y5necixroaobx7zlkk4t2wswloi", "createdAt": 1725294662583, "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..bnbq9TuXfbukYpiRYOUZKWyuKpBJBph6OBp2xcsV373H6coCjLYrM_vu-0C-N7h23PTdf8GDhm8ra_LMN4FrCw", "type": "Ed25519Signature2018", "created": "2024-09-02T16:29:24.681Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-09-02T16:29:24.681Z", "expirationDate": "2024-12-01T16:29:24.681Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xE38B49C3F142C0D1AAF8E11e218D56a2AD067425", "hash": "v0.0.0:AITk/z8Zx0kGPNqycmnT0iYwA3/vN2OFUep2FDBWplA=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#StablisProtocol"}}}, "description": "Stablis is a decentralized borrowing protocol on the Metis blockchain which enables users to access interest-free loans backed by assets that generate yields like LSD's. These loans are denominated in USDs, a stablecoin pegged to the US dollar, and must maintain a minimum collateral ratio to ensure the system remains secure and well-supported. Apart from the collateral, the loans are backed by a Stability Pool that contains USDs. \n\nAdditionally, fellow borrowers act as a safety net, collectively serving as guarantors of last resort. More details about these protective mechanisms can be found in our documentation 👉  https://docs.stablis.finance/\n\nStablis is designed to be non-custodial, utilizing the codebase of Liquity as its foundation but has expanded it to accommodate various collateral types and implemented a unique governance system.\n​\nMission\nStablis aims to bring a capital efficient and user-friendly way to borrow stablecoins against yield bearing assets like artMetis. This means the collateral itself generates yield, allowing users to earn interest while having on-demand liquidity through stablecoin minting. \n\nKey Benefits\n🔹 Low interest rates \n🔹Re-utilise liquidity: Unlock liquidity from yield-bearing assets across Metis DeFi Protocols\n🔹Low minimum collateral ratio: Starting at 125% it allows for more efficient usage of deposited assets \n🔹Directly redeemable: USDs can be redeemed at face value for the underlying collateral at any time\n\nMain Usecases\n🔹Borrow USDs against collateral by opening a Chest\n🔹Secure Stablis protocol by providing USDs to the Stability pool in exchange for rewards\n🔹Stake $STS to earn part of the protocol revenue generated through borrowing/redeeming fees.\n🔹Redeem 1 USDs for 1 USD worth of collateral when the USDs peg falls below $1\n\nUSDs and STS tokens\nUSDs is the USD-pegged stablecoin used for loans on the Stablis Protocol. It can be redeemed against the underlying collateral at face value at any time.\n\nSTS is the secondary token issued by Stablis. STS captures the protocol fee revenue that is generated and incentivizes early adopters of the protocol. Total STS supply is capped at 100M. \n​\nHow to Generate Yield\n1️⃣  Deposit USDs to the Stability Pool to earn profits from liquidated Chests and STS rewards \n​\n2️⃣  Stake STS and earn protocol revenue from borrowing and redemption fees (in USDs and used collateral type assets) ", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "StablisProtocol"}