🚀 Stabilan built with ❤️
We make it super easy for you to keep your money safe! Think of it like a magic shield for your coins. 🛡️
All smart contracts are open-sourced and verified on the blockchain. There are no owners of the protocol, and no one takes fees, besides Backers who provide liquidity.
Insurees are always able to execute their options at the strike price. There is no condition other than the expiration date.
The price is calculated based on the current utilization of the collateral. If utilization is low, the insurance price is low, encouraging users to buy it and giving the opportunity to resell for a higher price. If utilization is high, indicating high demand, there is an opportunity for Backers to provide more collateral, earning more rewards.
The premium paid by users is given in the collateral token and automatically staked to cover new insurances.
Manage your protection tokens and backing activities through our user-friendly dashboard. It gives you a real-time overview of your investments and their market performance.
The protocol works with any ERC20 token. It will be up to the Backers (future DAO token holders) to determine the risk of an asset, which will determine the striking price.