Grant Request by StableUnit DAO

Submission Date
February 1, 2022

Project Links

Website: https://stableunit.org/
Twitter: https://twitter.com/stableunitdao
Discord: SU DAO

Project Description

Borrow stablecoins (SUD) against assets you HODL.
Get Leverage. Earn yield while it’s in your wallet.

How is SUD stabilized?
SUD uses Multi-layer stabilization mechanism which is a stack of different stabilization methods used one by one if price fluctuation has exceeded.

Scalability & safety
SUD unites the robustness of over-collateralized stablecoins, like DAI, with the
scalability of algo-stablecoins without compromising decentralization and safety.

Capital efficiency
StableUnit ecosystem generates yield from liquidity as a service, forex, and lending services. Unlike other stables, which leave assets in reserve idle, StableUnit puts those assets at work. Yields are automatically accrued in your wallet and compound daily. No staking, no lock-ups.

Amount requested
50,000 USD

Milestones

  1. Launch on a testnet
  2. Launch on a mainnet
  3. 10 mil TVL
  4. 100 mil TVL