Stabilize ETH migration to Arbitrum One will begin September 23rd

The Stabilize Protocol is a decentralized finance application designed to help keep stablecoins, ETH and BTC proxy tokens’ prices stable by using active strategies that arbitrage over multiple exchanges. Users earn from price fluctuations between tokens, . Currently, the protocol can be utilized on both Ethereum and Binance smart chain networks.

Soon the Ethereum version will be migrated to Arbitrum One, a layer 2 solution for Ethereum that benefits from faster speeds and lower costs than the main chain. Learn more here.

The migration process . A new page will be opened on the site to lock your STBZ when migration begins.

What do you need to do?

In order to migrate, STBZ token holders will need to lock their tokens into a new on Ethereum. They must do this before the end of the migration period as the Ethereum-based STBZ token by an Arbitrum version. Arbitrum-based STBZ tokens will be claimable by those who locked their tokens before the end of the migration period at a ratio of . Meaning, you will receive 1 Arbitrum-based STBZ token for every 3 Ethereum-based STBZ, ie: 180 Eth STBZ => 60 Arb STBZ.

The locked STBZ will eventually be burned by governance into the TreasuryFurnace contract whose funds will be used to supply initial SushiSwap ETH/STBZ liquidity on Arbitrum.

Make sure to pull liquidity from UniswapV2 and pull STBZ out of the staking contract before the end of migration. , the site will transition to Arbitrum so it is important that depositors and prepare for the new ones on Arbitrum.

REETH and Stabilize Swaps will continue to exist network for now. There is nothing you need to do if you hold REETH.

What will be different on Arbitrum?

For user experience, it features mainly (a few seconds) and (< $5 USD) than on layer 1.

Because of the way the Stabilize protocol requires a constant stream of transactions to generate profit, lower gas fees means for the protocol and its bot network.

In addition, the tokenomics of the Stabilize token (STBZ) will be to better incorporate popular requests in our community, such as with the introduction of

Tokenomics

The governance token, STBZ, after migration will have its supply reduced to about due to the 3:1 ratio conversion during migration.

During the first few weeks of farming, emissions of STBZ tokens will be boosted, starting at 5% of supply the first week, 4% the second week, 3% the third week, 2% the fourth week, 1% the fifth week. the token emission target will switch to an initial for perpetuity. The development team will receive 10% of weekly tokens for incentive.

What will make Stabilize unique in this space is that emissions for the pools will come from both newly minted tokens and . Part of the profit generated from the strategies will be used to buy STBZ and store it in the Buyback Bank. If the weekly emission target is less than the amount of tokens held inside the buyback bank, and emissions will come solely from bought back tokens.

The expected outcome for a successful protocol is that there will be as tokens will be distributed from the Buyback Bank and the .

Vesting

Additionally, all depositors who farm on Stabilize to earn STBZ will be subject to a . Only rewards are subject to vesting. The initial deposit is completely untouched. The vesting starts at the moment of the first deposit . STBZ claimed before the end of the vesting period is subject to slashing and is sent to the Buyback Bank to be distributed to other users at weekly emissions. This method of vesting that occurs when farming opens.

For every new deposit into the pool, the vesting period is not reset, but rather updated based on the amount of new funds deposited compared to what is currently deposited. For example, if Alice deposits 1000 USDC and is near the end of her vest, and decides to deposit another 1000 USDC, her time doesn’t reset but it becomes somewhere in the middle of the vesting period.

Join our community to learn more about Stabilize

Visit the website to get started using the Stabilize protocol, follow us on Twitter and join the community on Telegram.

Website: stabilize.finance
Twitter: @StabilizePro
Telegram: StabilizeProtocol

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store