Stable Tokens And Derivative Products To The Ethereum Blockchain

By Hadrien Charlanes Feb 21, 2017 9:30 AM EST

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Stable tokens have been a leading topic of discussion since the birth of Ethereum. Using the decentralized platform that is the public Ethereum necessitates holding ether, not only to use it as gas or fuel, to gain access to the shared public resource of the mainnet but also as a currency to store value. The problem with using ether as a currency, is that it is a currency whose price is variable. If this risk obstacle of volatile price were overcome, with the introduction of a cryptographic asset that tracks, for example, to USD, it would pave the way for massive acceleration of Ethereum adoption.

 

I am proud to introduce StabL, a blockchain company that aims to operate on-chain derivative markets (Futures/Contracts For Differences based products) and develop an ecosystem of traders, individuals, and decentralized applications that benefit from these new financial markets. We will mainly distribute these derivative products through our semi-decentralized exchange, VariabL. Some of our financial products will have the property of remaining stable against the price of fiat currencies such as USD, EUR, CNY or JPY. We will distribute these positions as USD/EUR/CNY/JPY StabL tokens on a more user-friendly exchange, StabL. Ultimately, StabL seeks to the step of exposure to ether from people who wish to interact with the Ethereum network.

VariabL will enable traders to benefit from low cost, yet highly secure, financial products while StabL will offer dApps and individuals access to stable values on the blockchain.

We expect to sustain the same kind of virtuous circle that happens between Coinbase cryptocurrency users and GDAX crypto-traders. StabL users (individuals and apps built on Ethereum) will have access to StabL tokens when they need it, benefiting from the liquidity provided by VariabL, while traders on VariabL (market makers) will benefit from

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