STABLE
Our very own stablecoin
STABLE is the stablecoin used in Swene protocol, it's pegged to the average of the top 5 FIAT currencies. Envisioned more stable than any fiat currency or other fiat-pegged stablecoins, our is the average of 5 largest fiat currencies by market capitalization.
It is the base currency for the liquidity pools, meaning that owning the asset is required for participation in the pools. The total supply of stablecoin is collaterized. It can be minted using collateral of 5 stablecoins straight on our smart contract, or burned when the users exchange stablecoin against the underlying assets.
The total supply of stablecoin is collaterized. It can be minted using collateral of 5 stablecoins straight on our smart contract, or burned when the users exchange stablecoin against the underlying assets.
Last modified 2yr ago