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Stable Jack is a yield, volatility, and points trading platform for any assets including cryptocurrencies, stocks, commodities, and bonds.
Stable Jack allows users to exchange the yield, volatility, and points of the collateral asset while maintaining their principal. This will allow new DeFi primitives to be built on yield-bearing assets, lending markets, DEXs, or volatile assets. Yield Token, which is tokenized as a stablecoin will accrue the leveraged yield/points of the collateral asset while Volatility Token will be exposed to the volatility of the collateral asset with leverage. Both tokens will be perpetual and won't have a maturity date.
December Update: TVL & Rebalance pool data added & adjusted.
aUSD is a decentralized yield-bearing stablecoin that is fully collateralized and backed by AVAX LSTs. It has no exposure to the risks of centralized actors and TradFi while depending on the AVAX economy.
xAVAX is a volatile AVAX token that mirrors the price volatility of AVAX exponentially similar to leveraged contracts without funding fee or liquidation risk. It can be seen as a looping token as well, which allows you to increase your exposure to AVAX price without bothering with all the looping process. Moreover, you can also see it as a tokenized perpetual contract that can be used in DeFi.