Stabinol (STOL) now available

Stabinol, an Ethereum cashback token(ticker: STOL), developed by the Stabilize team is now available for use. The token takes advantage of market supply and demand to allocate rewards while also protecting liquidity providers from rapid sell offs after claims. As the demand of Ethereum continues to surge, Stabinol will aim to provide some relief when interacting within its ecosystem.

Please head to the new Stabinol webpage to claim STOL if you participated in the airdrop and to start using the protocol. You must claim your STOL from the airdrop within 25 days.

How to use:

To interact with the Stabinol protocol, simply follow the instructions on the website:

  • Stake the required STBZ, then Uniswap STOL / ETH LP tokens of your choosing.

It is important to note, LP tokens are locked from withdraw for 24 hours after claiming and each new deposit resets the time to claim to 3 days.

When you claim, the contract determines your ETH spent by comparing your current ETH balance to your ETH balance the last time you staked or claimed in the contract. Every time you increase your ETH balance above the last ETH balance, you must update it in the contract. This will resets the time to claim to 3 days. In the future, this method of calculating will change as Stabinol is further integrated into the DeFi ecosystem.

Sustainable Tokenomics:

The Stabinol token has a soft total supply cap of 1,000,000 STOL tokens. This cap can be modified by governance as demand and market outlook change in the future. When there are at least 500,000 STOL tokens in existence, a 3% per transaction tax on the sender will initiate. This tax will be used to resupply the faucet used to claim STOL. Buying STOL on Uniswap will be excluded from this fee but selling STOL will not.

Since STOL charges a fee on the sender, if the sender doesn’t have enough STOL to pay the fee, the fee deducts from the sent amount. For contracts that use STOL, it is best to charge a withdrawal fee percent of (tax% ÷ (1 + tax%)) to prevent the STOL fee from draining the contract.

The cashback per claim is set for 4% initially, but will be reduced every 2 weeks by 0.25% until it reaches 3%. Future governance votes will further decide what the cashback% and tax % will be going forward.

There are plans for additional deflationary methods integrated as Stabinol develops further.

Just the beginning

The Stabilize Team is already working to expand usage of Stabinol into existing products and exchanges. Research is ongoing on whitelisting decentralized exchanges that incorporate Stabinol, in addition to integrating Stabinol into existing Stabilize products.

Stabinol is designed to help small holders use DeFi without being priced out as Ethereum demand increases. The Stabilize Team will keep that in mind as it develops new Stabinol solutions.

Contract Addresses:
Token: 0x4ff5253E2304e3f5Ed6547Ac5D9952A62B91E3E8
Uniswap LP Token: 0xbd13D3297570885ED73eE93D3e929fE1e5b233f0
See more contracts on GitHub

Learn more about Stabinol via Stabilize channels

Visit the website, follow us on Twitter and join the community on Telegram and Discord

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

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