⚠️ Stabull V1 is currently in Beta Testing.
Stabull Finance is a decentralised exchange optimised for stablecoins and RWA's.
Currently, there is no core piece of infrastructure dedicated to serving non-USD stablecoins specifically, and Stabull Finance solves this issue. Together with a group of non-USD stablecoin issuers, collectively governed in a consortium-like manner, Stabull aims to provide much needed access to a venue facilitating liquidity for issuers and their respective communities. In that sense Stabull Finance is an integral piece of industry infrastructure that is currently lacking.
FX swaps is a multi-trillion dollar industry, and although 40% of this global trade is made up of non-USD denominated currency, onchain, it accounts for less than 1%. Stabull Finance wants to grow this pie, by doing one thing, and one thing well.
The exclusive purpose of Stabull Finance is to facilitate safe and permissionless instant swaps for tokenized FX and commodities.
Problem & Solution
| Problem | Solution |
|---|---|
Although the Stablecoin industry is largely denominated in US dollars currently, non-dollar Stablecoins and their use cases are growing exponentially. There is presently no safe and permissionless swap facility available that offers a bonding curve customized to the specific requirements of non-USD stablecoins. | A decentralised exchange that is optimized for swapping non-USD stablecoins, using a hybrid invariant that provides low slippage trades around an FX oracle price. and in particular fiat backed stablecoins. Stabull was created from the ground up by a consortium of non-USD issuers and their input as well as their respective communities will be used to enable decentralized governance and democratic decision making. |
Stabull Finance is designed to do one thing and do it well, low slippage stablecoin swaps and capital efficient liquidity pools.
Stabull is bringing to market a more capital-efficient Decentralized AMM after many non-USD Stablecoin providers all experienced continued difficulty reliable liquidity venues. Stabull is designed to be a reliable source of liquidity for non-USD stablecoin issuers and their respective communities.
Origin Story
Stabull originated from within the non-USD Stablecoin community as a clear need.
Each issuer needs simple and easy accessibility to their product and available liquidity to make it useful.
To be clear, there were earlier iterations of a non-USD-orientated DEX, but for various reasons, the projects were unable to gain any traction. As they say, necessisity is the mother of invention, and the concept of Stabull was born.
A group of non-USD stablecoin issuers assembled and conducted workshops on how best to address the problem and the most logical step forward was the creation of a consortium-like group where the issuers themselves were responsible for and had real skin in the game for the DEX
Thus Stabull set off on a journey to build more capital-efficient bonding curves in a permissionless way that was trusted by the most important kind of stakeholders - the issuers themselves -talking to and liasoning with many stablecoin issuers about their needs along the way.
Whitepaper
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