USDFI — a decentralized stablecoin protocol for any blockchain. Stablecoins are non-custodial and backed by revenues from its ecosystem, consisting of a protocol-owned treasury with proof of reserves and automated market maker operations.
Description of the USDFI platform
In the short to medium term, USDFI, as an integral part of the low time preference design, is expected to face significant but temporary price volatility and limited user confidence. However, the design of the protocol includes buffers and several key stability mechanisms, as well as acting as a buyer and an automated market maker. Protocol earnings will automatically buy back unlimited USDFI at a higher price indefinitely until price stability is restored. Over time, the interdependence between user trust and the stability mechanism will lead to price equilibrium and maintain maximum price stability.
The most important risk management tool is diversification. MetaUSD introduces a stablecoin ETF, offering the most popular stablecoins like Tether, USDC, DAI or BUSD in a single token. For the first time, stablecoin risks can be diversified across architecture, issuers, stability mechanisms and blockchains. USDFI leverages the existing decentralized finance (DeFi) blockchain economy to mature and ensure long-term price stability.
STABLE — an ecosystem token for minting, sharing and trading with fixed low inflation.
Main use cases:
| 1. | Buy and burn STABLE to mint USDFI. |
| 2. | Handle rising price volatility by offering protocol-based arbitrage opportunities. |
| 3. | Provide trading liquidity against another cryptocurrency through protocol AMM transactions and liquidity pools. |
In the context of the protocol's stability mechanism, the STABLE token provides an additional automatic transition between the distribution of user incentives and the use of the token offer to support price stability.
How to mint tokens?
Get STABLE tokens by exchanging USDC for STABLE in the "EXCHANGE" section. If you already have STABLE in your wallet, you can easily mint USDFI by entering your desired amount of STABLE in the field, or use the maximum available amount by clicking "MAX".