We are happy to announce our partnership with Agora, the issuer of $AUSD, the first fully collateralized, freely tradable digital dollar that is partner-focused, open, scalable, and dependable.
As part of our partnership, we are establishing an incentivized $aUSD-AUSD pool on LFJ. The pool will also be incentivized with Discount Tickets rewards - 80x DT per $.
Moreover, as we are getting closer to the launch of Stable Jack v2, this partnership will become stronger.
How?
Upshift has started to issue $upAUSD, a yield-bearing stablecoin backed by $AUSD LP tokens on DEXs. This will allow Stable Jack to tap into a new yield opportunity through $AUSD which has not been explored before, DEX LP tokens.
With v2, Stable Jack will accept $upAUSD and offer 2 separate products:
Yield Token: a-USD pegged yield-bearing asset that will earn a fixed yield without maturity dates or risk of losing the principal while holding YT.
Leveraged Yield Token: a-USD pegged yield-bearing asset that will earn leveraged yield while also acting as a junior tranche which will bear a possible loss.
Through this partnership, users will be able to earn fixed or leveraged yields based on their risk appetite! By unlocking the DEX yield, Stable Jack and Agora unlock new yield opportunities that will usher in DeFi Renaissance on Avalanche and the general DeFi ecosystem.
Stable Jack v2 will unlock new utilities for collateral assets. With partners like Agora, we are thrilled to bring innovation and excitement to the Avalanche ecosystem!