KEY TAKEAWAYS
- Stable Jack is launching its Initial DEX Offering (IDO) on Seedify, introducing innovative yield farming and leverage mechanisms in the DeFi space.
- The project offers two tokens, Yield Token (YT) and Volatility Token (VT), to cater to different investor needs, enhancing yield and leverage opportunities.
- Stable Jack’s IDO is scheduled for March 27-28, 2025, with a listing on April 2, 2025, and features a community-focused tokenomics model.
- The project has gained significant traction, being part of the Ethena Accelerator and Helius Startup Launcher programs.
Stable Jack, a new decentralized finance (DeFi) project, is set to launch its Initial DEX Offering (IDO) on Seedify, aiming to address common challenges in the DeFi space. The project introduces a novel approach to yield farming, leverage, and points trading, promising a more accessible and efficient experience for users.
Stable Jack’s first iteration focused on dividing staked AVAX (sAVAX) collateral into two distinct products: aUSD and xAVAX. Users could deposit assets like USDT, USDC, AVAX, and sAVAX to mint either aUSD or xAVAX, redeemable for sAVAX based on their Net Asset Values (NAVs). A Rebalance Pool was implemented to maintain protocol stability by managing the supply of aUSD. Unlike algorithmic stablecoins, Stable Jack V1 offered the benefits of both a stablecoin and leveraged exposure to AVAX while mitigating common DeFi risks.
Innovative Mechanisms and Tokenomics
Stable Jack V2 introduces an innovative mechanism that separates the yield and volatility of a collateral asset into two tokens, catering to different investor types. The Yield Token (YT) allows holders to benefit from both their own yield and that of Volatility Token (VT) holders, creating a yield multiplication effect. Meanwhile, VT holders gain leveraged exposure without typical risks associated with leverage.
The project also introduces a Points Token, representing a new approach to points farming. Stable Jack’s flexible architecture supports multiple use cases across various asset classes, offering solutions tailored to user needs. Additionally, the project has developed a unique tokenomics model called Discount Tickets, allowing users to purchase the $JACK token at a discount, fostering a community-first approach.
Upcoming IDO and Community Engagement
Stable Jack’s IDO is scheduled for March 27-28, 2025, with a listing date set for April 2, 2025. The $JACK token, built on the Avax C-Chain, will have a total supply of 100 million and an initial market capitalization of $4,576,600. The listing price is set at $0.20, with a round valuation of $20 million and a 24-hour unconditional refund policy.
With $13 million locked at its all-time high, over 4,500 users, and an 80% retention rate, Stable Jack has garnered significant attention. The project is also a winner of the Ethena Accelerator Program and part of the Helius Startup Launcher Program, collaborating with leading minds in the crypto industry.
For more information on how to participate in Seedify’s IDOs, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
Stable Jack is preparing to launch its Initial DEX Offering (IDO) on Seedify, introducing innovative DeFi solutions that address common challenges in the space, such as yield farming and leverage.
Recent industry reports indicate that multi-chain yield farming is gaining traction, allowing users to benefit from lower transaction fees and reduced reliance on a single network. This aligns with Stable Jack’s approach to offering more efficient and accessible DeFi solutions.
As per insights from a recent report, the DeFi stablecoins market is rapidly expanding, with stablecoins being increasingly used for their liquidity and cost advantages. This supports Stable Jack’s efforts to integrate innovative stablecoin mechanisms, enhancing the project’s appeal and potential impact in the DeFi space.
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