Introduction to SuperStable

DeFi’s first on-chain fixed-yield market: Guaranteed Yield. Self-Custody. Built on Solana.

What is SuperStable?

SuperStable is the first decentralized opportunity to earn fixed yield in DeFi. Users buy an on-chain fixed deposit using USDC and earn a fixed yield in USDC upon maturity. The receipt for their yield-paying fixed deposit is issued as a single-mint token. Users can self-custody and can redeem any time they want. The interest paid to buyers is underwritten by the Liquidity Providers (LPs), who take on the variable risk because they are compensated by multiple revenue streams and stand to make in excess of the liquidity they provide. SuperStable is powered by the deflationary gas token $SB, needed for every transaction on the platform and burnt afterwards.

Why SuperStable?

SuperStable allows users to earn a guaranteed fixed yield using their stable coins(USDC in this case), in essence serving as an on-chain Fixed Deposit (FD) for crypto. By ensuring a guaranteed predictable payout at redemption (whether before, at or after maturity) the moment a user buys into the crypto FD at an interest rate (APY) arising from the variable rates present in the crypto market, the buyer enjoys a cross-chain yield with safety and stability with minimum clicks.

Fixed rates not only provide a certainty of return for the buyer but also greater predictability amidst the sea of volatility and variance that is in the DeFi space, thus opening the door for new collateralization opportunities as well as setting up the building blocks for further on-chain DeFi infrastructure.

SuperStable thus has distinguishing properties from currently existing platforms, in that it allows for all of the following:

  • Fixed USDC yield

  • Continuous Issuance

  • Unique Identifier for each crypto FD issued

  • Self-Custody

How do I connect to the SuperStable platform?

The SuperStable platform simply requires you to connect a Solana Program Library (SPL) wallet that holds SOL tokens in order to make any transactions. Please note that to get your FD or to provide liquidity, as well as for custodying any FD receipts and token rewards you claim, you'll be directly using your wallet.

SuperStable supports various SPL wallets that you'll be able to choose from once you visit the app.

What can I do on SuperStable?

You can harness the capabilities of the SuperStable MetaYielder platform via the following ways:

  • Yield Underwriting or Providing Liquidity: Earn variable rewards by providing liquidity for the creation of on-chain fixed-yield deposits with different maturities.

  • Create a Fixed Deposit: Start an on-chain fixed deposit with USDC yield, with the ability to redeem any time you see fit (FD value is marked-to-market) while earning additional variable token rewards

  • Staking: Stake your $SB/LP tokens in different pools to earn staking rewards which can be utilised for further yield generation

What is the $SB token?

The $SB token is the deflationary gas of the SuperStable platform, intrinsic to its value generation, and needed in every transaction. $SB tokens are required for all transactions on the SuperStable platform, be it to buy or redeem an FD, check their value, provide liquidity to the platform or claim any protocol rewards. All $SB collected as fees are burnt thereafter. A comprehensive breakdown of the supply, distribution and usage of $SB token is given under the Tokenomics section.

The SB token contract can be found here.

NextHow does SuperStable work?

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