Stabilize STBZ Protocol CryptoCurrency | A top DEFI pick for 2021?
The Stabilize Protocol is a defi application designed to help keep stablecoins and BTC proxy tokens prices stable. This is done by incentivizing depositors with STBZ tokensand by using active strategies to balance coin demand. Users have the option to swap pools manually to achieve a higher rate of reward or deposit into the active strategies that swap tokens on their behalf.
At the time of posting on Jan 02 2021 STBZ had the following stats. STBZ is up 200% over the past 30 day period.
|Market Cap Dominance
|Volume / Market Cap
|24h Low / 24h High
||$4.75 / $5.91
|7d Low / 7d High
||$2.70 / $7.44
|Market Cap Rank
Looking to earn passive income through yield farming?
Stabilize.Finance has a 50/50 eth-stbz-LP pair which you can find on Uniswap. In order to participate, you must provide 50% ETH and 50% STBZ tokens into the LP pair.
Step 1. You first need to have equal amounts of ETH to STBZ in your wallet. I use MetaMask browser extension. You then add liquidity on uniswap.
Step 2. When you have confiremd the transactions and they are confirmed on the network your metamask wallet will have the LP tokens in it. You will now be able to 'MAX IN' to deposit the liquidity into the pool. Once you do this you will beign collecting rewards.
The amount displayed in the screeen above (64 LP) is about .7% of the pool size. First got into it a few months ago with about 32 LP and just added the other 32 LP 2 days ago.
Step 3. You can 'claim stbz' at any time. I just did it a few days ago which is why the STBZ earned started back at 0.
Until Sept 2021 there will be 16885 tokens rewarded each week. After this point the community can vote on how the coins are further distributed.. It could be increased, stay the same, or decreased.
By providing liquidity you are rewarded in stbz tokens.
In the example above .7% of the pool is rewarding this wallet with about 116 stbz tokens/week. Which is a value of $2500/month to provide not very much liquidity.
Progression of Stabilize.Finance
The team behind Stabilize is rewarded just 1% of the coins minted in the first year. Coins minted after the first year are rewarded to token holders, liquidity providers, and users of the Stabilize Protocol.
With Stabilize starting just a few months ago, the project has developed nicely. New features are being added and a strong community is being developed around the project.
Stabilize is a DEFI project that has huge potential going into 2021.
Questions commonly asked about Stabilize (STBZ) Token and Protocol
What is Seigniorage token?
What is Stabilize.Finance?
What is Yield farming?
What is a Stable Coin?
What is Pegging a Stable Coin?
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