USDFI - The revolution will not be centralized.
  • USDFI Working Paper
    • Abstract
    • Introduction
      • Custodial Stablecoins
      • Non-custodial Stablecoins
    • USDFI Design
      • Introduction
      • The Decentralized Stablecoin Trilemma
      • Design Considerations
      • Financial stability: AMOs, BLR, AMMLR & The DeFi Trinity
    • USDFI Stability Mechanisms
  • Dual ve-tokenomics
    • Introduction
    • Liquidity Incentivization
      • Curve Finance
      • Olympus DAO
      • Zero-sum, ve and ve(3,3)
      • Dual-ve model
    • Analysis of dual-ve
  • USDFI: The protocol for protocols
    • How to get deep liquidity for your token
    • Problem: Bootstrapping your liquidity
    • Solution: USDFI P4P
  • USDFI explained in 120 seconds
    • Vision
    • Dual-ve tokenomics
    • STABLE/veSTABLE
    • USDFI/veUSDFI
  • USDFI AMM
    • Understanding Automated Market Makers
      • How-to execute a token swap
        • Token prices
        • Price Impact
        • Price Slippage
        • Price Impact vs Slippage
      • Understanding liquidity pools
      • vAMM vs sAMM
      • Understanding AMM users
    • Understanding USDFI's AFSA-Shield
    • Becoming a liquidity provider
      • Whitelisting
      • Dynamic pool fees for partner protocols
    • Understanding USDFI Pools
    • Understanding the USDFI Router
  • USDFI Money Markets
    • Peer-to-Pool Money Markets
    • Lending vs Liquidity
      • Lending
      • Borrowing
      • Liquidiations
      • Advanced Money Market Strategies
      • Contracts
    • Security
      • Token Report (BSC)
  • USDFI Stablecoin
    • Minting
    • Understanding the Minter
  • USDFI Money Legos
    • Introduction
    • Protocols
      • Thena
    • Risks
  • Security
    • About Chainsecurity
    • Audits
    • Contracts
  • More USDFI
    • The USDFI vision
    • Roadmap
    • Tokenomics
    • Pitch Deck
  • GETTING STARTED
    • Connecting a wallet to USDFI
    • Switching networks
    • What's a wallet address?
    • Getting a crypto wallet
    • Understanding Networks and Layers
    • Understanding Layer 2
    • Understanding transaction hashes
    • Understanding approval transactions
    • Network Fees
    • Buy Crypto
      • Credit Card
      • Bank transfer
  • AFFILIATES
    • How to become an USDFI affiliate
  • Brand assets
    • SVGs
  • FAQ
    • General questions about USDFI
    • How is USDFI different from...
    • Questions about the USDFI ecosystem
    • Terms of Use / Legal information
    • Where to find more information
    • Security and audit
    • The most important question
  • LINKS
    • Twitter
    • Discord
    • Telegram
    • Github
Powered by GitBook
On this page
  • What’s the difference between the USDFI and STABLE tokens?
  • Is STABLE a native BNB chain token? What about USDFI?
  • The USDFI protocol is a buyer of last resort and automated market maker of last resort of last resort. What does that even mean?!
  1. FAQ

Questions about the USDFI ecosystem

PreviousHow is USDFI different from...NextTerms of Use / Legal information

Last updated 2 years ago

What’s the difference between the USDFI and STABLE tokens?

STABLE is the ecosystems governance token, while USDFI is the ecosystem’s native, decentralized stablecoin. Please refer to the documentation for more info

Is STABLE a native BNB chain token? What about USDFI?

STABLE is a multichain native token, just like USDFI. It’s native on the BNB chain and all other EVM compatible chains and features the same hash on all chains.

The USDFI protocol is a buyer of last resort and automated market maker of last resort of last resort. What does that even mean?!

The buyer of last resort (BLR) is a mechanism used DeFi to stabilize the price of a specific cryptocurrency. It is based on the concept of the lender of last resort in traditional monetary systems, where a central bank acts as a lender of last resort to stabilize the financial system.

The protocol’s treasury automatically engages as a BLR and redirects its revenues to buying back unlimited USDFI at a higher price, in perpetuity, until price stability at the peg is reinstated.

The automated market maker of last resort (AMMLR) is a mechanism used in DeFi to stabilize the price of a specific cryptocurrency by providing liquidity to the market. For example, when the price of a cryptocurrency drops, the AMMLR mechanism is triggered and uses its revenues to buy the cryptocurrency at a discount, providing liquidity to the market, and helping to restore price stability. The opposite occurs when the price of a cryptocurrency rises, the AMMLR mechanism sells the cryptocurrency at a premium, providing liquidity to the market, and helping to restore price stability. Both mechanisms are unique to USDFI.

here