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Genesis Story

The vision for Stabolut was born from the realization that the crypto ecosystem lacks a truly decentralized, scalable, and stable form of money that isn't reliant on traditional banking rails.

The Problem​

Existing stablecoins fall into two categories:

  1. Centralized (USDC, USDT): Scalable and stable, but reliant on traditional banks and susceptible to censorship and custodial risk.
  2. Decentralized Over-Collateralized (DAI): Censorship-resistant, but capital inefficient (requires >1collateralfor1 collateral for 1 stablecoin) and difficult to scale.

The Solution​

Stabolut introduces USB, a synthetic dollar that solves the "Stablecoin Trilemma" by being:

  • Stable: Pegged via delta-neutral hedging.
  • Scalable: 1:1 capital efficiency (using derivatives).
  • Decentralized: Backed by crypto assets, not bank deposits.

Inspired by the "Arthur Hayes" model of a synthetic dollar, Stabolut aims to create the internet-native bond that powers the DeFi economy.