Amid the crypto craze and the wave of traditional finance moving to DeFi, one name is gaining strong attention: Stable.
More than just a digital asset management app, Stable offers a high yield savings solution, leveraging the power of the USDC Stablecoin and the renowned lending platform Aave.
What is Stable?
Stable is more than just a digital asset wallet. It is a smart savings and investment platform that allows users to deposit USDC and automatically lend on Aave – the leading protocol in terms of total value locked (TVL) in the Lending & Borrowing space.
By combining the available yield from Aave with an additional 2% APY reward, Stable offers yields of up to 9.54% APY – 16 to 21 times higher than the average traditional bank interest rate.
Stable's Difference
Impressive yield
Stable takes the concept of “yielding savings” to the next level by combining Aave’s natural interest rate with an additional 2% APY reward from the platform itself.
Thanks to that, users do not need to become DeFi experts but can still earn outstanding profits.
Multi-chain support
With the ability to operate on multiple blockchains such as Base, Optimism, Arbitrum, Polygon, and Avalanche, Stable allows users the flexibility to switch to always take advantage of the highest APY.
The chain transfer mechanism through CCTP (Cross-Chain Transfer Protocol) ensures absolute security for digital assets.
Security and control
More than just a wallet, Stable acts as a financial fortress with a Self-Custodied wallet model – where the user is the sole holder of the private key.
Optimal security system with Apple's Face ID and Passkey, completely eliminating the risk of unauthorized access.
No transaction fees
All transaction costs and network fees are fully covered by the platform. This makes Stable a convenient, cost-free financial tool – especially for retail investors or those new to the world of cryptocurrencies.
Traditional financial connections
Users can deposit and withdraw funds directly from their bank accounts, bridging the gap between the legacy financial system and advanced digital asset platforms.
Deep integration with Aave
Stable acts as an extension of Aave – where every loan is overcollateralized, minimizing the risk of default.
Used by many large financial institutions such as JPMorgan, Aave is a solid foundation for Stable to grow.
Operating mechanism
Operating structure
User: Individuals deposit USDC to earn interest.
Stable Wallet: Secure storage of digital assets.
Smart Contract: An interface that automatically interacts with Aave.
Blockchain Marketplaces: Base, Arbitrum, Avalanche, etc.
App interface: Where users monitor profits.
Procedure
Deposit: User transfers USDC to Stable wallet, selects desired blockchain.
Automation: Stable's smart contract will deploy USDC to Aave according to the optimal yield strategy.
Interest Accumulation: Profits up to 9.54% APY are continuously updated on the app.
Flexible withdrawal: Users can withdraw USDC at any time, free of charge, ensuring initiative.
Information is being updated
Currently, important details about the Stable project such as the development team, strategic investors, Tokenomics, have not been officially announced.
These are all core factors that directly affect the long-term potential and reliability of the project.
However, with its professionalism in operations and efficiency in the current financial model, Stable is attracting the attention of the investment community as well as industry analysts.
It is expected that the above information will be revealed in the next development phase, marking a strong transformation from a simple savings platform to a comprehensive decentralized financial ecosystem.
Project information channel
Website: https://www.stablefinance.io
Twitter: https://x.com/GetStableApp
Conclude
As the cryptocurrency market becomes increasingly competitive and users demand better experiences, Stable emerges as a reliable, secure, and especially profitable solution.
With attractive yields, multi-chain operability, high levels of security, and tight integration with Aave, Stable not only offers a new form of savings, but also ushers in an era of more accessible DeFi investing than ever before.
Source: https://tintucbitcoin.com/stable-la-gi-tong-quan-ve-du-an-stable/
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