Is a
Cryptocurrency attributes
Ticker Symbol
SUSD
Maximum Supply
496,396
Other attributes
CoinGecko ID
Cryptocurrency Symbol
SUSD
Location
Medium URL
Stabilize is a decentralized borrowing protocol that allows 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.
Users can wrap any U.Token into $SUSD at 1:1 ratio without any fee.
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