We are happy to announce our partnership with Rings Protocol, one of the Sonic Boom winner protocols, and a new yield-bearing, and scalable stablecoin protocol on Sonic that integrates advanced yield strategies and a robust governance model inspired by Solidly.
As part of our partnership, Stable Jack will accept staked $scUSD, staked $scETH as collateral to offer yield trade. Stable Jack will also accept $scUSD, $scETH as collateral to offer yield vs points trade.
Yield Trade
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Yield Token: a yield-bearing asset that will earn a fixed yield without maturity dates.
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Volatility Token: a yield-bearing asset that will earn leveraged yield while also acting as a junior tranche which will bear a possible loss.
Yield vs Points Trade
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Yield Token: a yield-bearing asset that will earn a fixed yield without maturity dates.
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Points Token: a yield-bearing asset that will earn leveraged points exposure to Sonic Points, Gems, and Stable Jack Discount Tickets.
Through this partnership, we will offer competitive and predictable yield opportunities in the Sonic ecosystem!
Stable Jack v2 will unlock new utilities for collateral assets. With partners like Rings, we are thrilled to bring innovation and excitement to the Sonic ecosystem!