Introducing Stabull

PRESALE ON GEMPAD

Stabull’s presale is just around the corner, mark your calendars and set your alarms for the 23rd of September at 3pm UTC!

INTRODUCTION

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, on-chain, 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.

POOL

A Stabull pool (or pair) is a smart contract which manages a reserve of two fiat-backed, ERC-20 stablecoins. There are two main operations a user can perform on a Stabull pool.

Liquidity Providers (LPs) can deposit & withdraw Liquidity from pools, changing the total reserves of the two tokens.

Traders can Swap between the two tokens, changing the proportion of token reserves.

At launch, Stabull pools are deployed to Ethereum and Polygon, with more chains in the roadmap.

SWAP

Swapping is one of the two primary ways to interact with Stabull pools. Users select an asset that they currently hold (input) and a token they would like to swap for (output). The user also specifies an amount of the input or output token they would like to swap. A successfully executed swap transaction will transfer the input token from the user to the pool contact, and the desired output token from the pool to the user. The amount of output token received for every input token is known as the swap rate, and is determined by the pool invariant (the proportion of reserves & the oracle rate). Additionally, a swap fee is collected and split between liquidity providers and the protocol.

FEATURES

• Low Slippage Trades

• High Liquidity for supported Stablecoin Pairs

• Competitive Swap Fees

• Simple Transactions

• 24/7/365 Trading

Swapping on Stabull is non-custodial and permissionless.

FEE

The fixed swap fee on every Stabull swap is 0.05%, collected as a percentage of the output token.

The fixed swap fee will be used for:

• 50% back into the pool = LP Fee

• 50% goes to Treasury Wallet

PROTOCOL FEE

The protocol fee is the proportion of the swap fee, collected by the protocol. This is currently set to 50%, and is allocated towards:

• 50% Treasury

• 50% Insurance Fund

The protocol fee and its allocation can be amended by governance proposal.

PROPORTIONAL LIQUIDITY

Deposits or withdrawals from the pool must be done in the same proportion to the current reserves of the pool. This is enforced by the contract invariant.

LP TOKENS

When making a deposit, you are adding two assets to the pools reserves, and in return receiving newly minted LP tokens representing your share of the pool reserves. When you withdraw liquidity, you are sending your LP token back to the pool (burned), and receiving that share of the current reserves.

LIQUIDITY MINING

Liquidity Mining is a program to incentivize users to provide liquidity to the Stabull protocol, while also promoting long-term sustainability and aligning the incentives of key stakeholders.

• Users who provide liquidity to Stabull pools will be rewarded with STABULL tokens.

• 30% of the STABULL total supply, 3,000,000 tokens, has been allocated to the liquidity mining program. This will be distributed over 10 years via an exponentially decaying emission schedule.

• Liquidity Providers (LPs) can participate in the program by staking their LP tokens in the corresponding LP Staking Pools. Staked LP tokens will immediately start accruing rewards, which can be claimed periodically (e.g. when gas efficient).

• The proportion of rewards distributed to each LP Staking Pool will be determined by the volume of the corresponding swap pools and a set of weights that can be voted on by token holders.

FEES

• In addition to the 3 million tokens allocated from the total supply, the Liquidity Mining Program will also receive a share of protocol swap fees.

• 70% of the fee collected from every swap on Stabull pools will be used to buy STABULL and continuously replenish the Liquidity Mining Program.

SUPPORTED BLOCKCHAINS

• Ethereum

• Polygon

SUPPORTED STABLECOINS

• 1GBP

• EURS

• NZDS

• TRYB

• USDC

• XSGD

• BRZ

• GYEN

TOKENOMICS

Stabull’s governance token is inspired by decentralized community driven projects such as Curve. $STABUL will be required to vote on reward levels and distribution to preferred pools throughout the liquidity reward program, as well as to vote on key Stabull features. The economics are designed to create competition between liquidity providers, market makers and stablecoin issuers but are open for any market participant to accumulate and vote/govern with.

Supply Distribution

1% Advisors

2% Ava Labs

2% Primary MM Partner

4% Public Sale

5% Treasury Rewards

5% Liquidity Provisioning

12.5% Team

18.5% Presale

20% Stake Only Pool

30% Long Term Liquidity Mining