What is xSTABLE and xUSD?

💰 xStable unites stablecoins and other tokenised assets into more useful and higher yielding instruments. Our first assets is a fiat currency (xUSD).

Each xUSD is backed by a basket of existing whitelisted tokenised assets of that same peg(USDT/BUSD/DAI/PAX and fiat $ in equal proportion)

Overview:-

xStable can support numerous xASSETS. Each xASSET is pegged to a unique asset, such as fiat currency (US Dollar) or a cryptocurrency like Bitcoin.

xASSETS are minted/redeemed permissionlessly and on-chain via smart contracts.

• To mint an xUSD, for example, a user sends 1 USDT and receives 1 mUSD in return.
• To redeem, the user sends an xUSD to the contract and can choose which bASSET to receive in return for the swap fee. If maximum weights are breached, the user will receive a series of bASSETS that are reflective of the current basket composition at no fee. The xASSET is then burned (i.e. taken out of circulation).

xStable unites stablecoins, lending and swapping into one standard..

Three major problems confront stablecoin users:

• significant fragmentation in same-peg assets
• lack of native yield when it is being increasingly demanded by users
• lack of protection against permanent capital loss

Our products (SWAP, SAVE and EARN) are built specifically to address these pain-points.

xStable assets represent some underlying value peg and are minted/redeemed on-chain via smart contracts. xASSETS are backed 1:1 by a basket of existing tokenised same-base assets (hereafter bASSETS).

Each xASSET is a liquidity share for its asset pool as well as a medium of exchange, unit of account and store of value in its own right.

Each mASSET has an outsized native interest rate that is derived from lending bASSETS on third party lending protocols combined with fees collected from xStable's SWAP product.

Users can swap between bASSETS with zero price slippage, regardless of order size. For example, in mUSD, uses are able to swap 1 DAI for 1 USDT at no cost, except gas and a small fee.

Characteristics

• Easy - xStable is a one-stop solution for stablecoin users.
• Robust - Collateral is diversified, exterior to the system and ultimately secured by xStable.
• Stable - xStable's liquidity shares are tokenized assets in their own right.
• Decentralized - Meta embeds the incentives required to govern a decentralized system.
• Built for Rapid Scaling - 25% of xASSETS is emitted in a bootstrapping rewards pool.

Use cases

• Yield and Return
• xASSETS earn an outsized yield (interest + swap fees).
• xStable is built so that those that use it or contribute to its growth are rewarded for doing so.
• Traders & Arbitrageurs
• Significant arbitrage opportunities will exist using xStable's Zero Slippage Swaps.
• Stablecoin Users
• xStable issues assets that are more secure than the sum of their parts. Each xASSET diversifies risk between different asset issuers and stability mechanisms. The system itself is effectively over-collateralised due to each mASSET being ultimately backed by existing whitelisted tokenised assets of that same peg(USDT/BUSD/DAI/PAX and fiat $ in equal proportion)
• SDK Integrations
• xStable allows dApps to accept several assets while presenting them in a more secure and user friendly way. This product is yet to be built, but may have potential applications for DeFi dApps and crypto exchanges.

Features

• Minting And Redemption
• Swaps
• Native Interest Rate
• Rewards
• Re-Collaterisation

Possible future mAssets:

• xBTC Ⓑ
• xGLD🏆
• xEUR 💶
• xGBP 💷

Official Website For Lending Swapping Staking Coming Soon. Stay Tuned !