The Stable Protocol, also known as the Multi-Collateral (ST) decentralized protocol, allows users to generate ST using USDC as collateral. For every 1 USDC staked, a user can forge 1 ST.
Forging is done on demand, and ST is completely destroyed when USDC is redeemed.
1 ST ≈ 1 USD. On-demand forging. Full destruction on redemption.
#StableProtocol #ST #USDC #Stablecoin #DeFi #Solana
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