mStable offers meta-assets, assets backed by a diverse portfolio of existing tokenized assets. Users can use mStable to overcome three biggest problems for pegged-value crypto assets: lack of yields, lack of risk protection, and the fragmentation that currently exists in this asset class.
Robert Lauko founded Liquity in 2019 as a non-custodial and governance-free protocol. Users can use Liquity loans which offer features including the fact that they’re paid in liquity’s own USD-pegged stablecoin, LUSD (a USD-pegged stablecoin), and further secured by a stability pool and fellow borrowers as guarantors. Developers can access Liquity’s API to integrate end-points into programmes.
Launched in 2021, Angle is a decentralized, over-collateralized stablecoin protocol that is capital efficient. Users can use the stablecoin agEur to match the value of the asset they’re pegged to and begin exploring crypto without facing volatility. Developers can access the developers’ documentation.
Abracadabra lends MIM (Magic Internet Money) and MIG (Magic Internet Gold), the platform’s native stablecoins in exchange for collateralized crypto-assets. Users can make interest by bearing assets liquid and collateral funds continue to yield at the same rate as they would if they remained in the borrowers’ wallets. Developers can use the analytics tool available.
Beanstalk is an Ethereum-based permissionless and algorithmic fiat stablecoin protocol. It is used for issuing BEAN stablecoin pegged at 1:1 ratio to the US Dollar. Beanstalk differs from fiat and crypto-collateralized stablecoin protocols as it works based on a credit-based price stability model. The users of the Beanstalk protocol are constantly rewarded with economic incentives for issuing credit or providing liquidity to the protocol, thus maintaining BEAN’s price stability.
Vesta Finance is a DeFi lending protocol on the Arbitrum network. By participating in the Vesta Finance ecosystem, users can borrow against their crypto-assets without selling them. Purchasing or borrowing VST, the Vesta Finance stablecoin, allows users to contribute to the stability pools with more than $1 in assets backing each VST token.
Unit Protocol allows you to mint USDP stablecoin using various coins as collateral. There are over 160 coins Unit Protocol allows for collateral, including LP tokens, which provide value for these liquidity providers. Unit Protocol collects stability fees when users repay their USDP and liquidation fees if CDPs were liquidated. This process is governed by $DUCK (Unit Protocol’s governance token).
Launched in February 2021, Mimo offers a bridge between DeFi (decentralized finance) and the trusted EURO fiat world. Users can deposit assets in vaults, mint PAR and exchange currencies on Mimo. Developers can access analytics offered by Mimo.
Reflexer is a platform where anyone can use their crypto collateral to mint stablecoins. Users benefit from liquidation protection, self paying loans, a defi environment and the usage of RAI which is an ETH-backed stable asset. Developers can use the GEB framework to interact with smart contracts.
Ratio was established in 2021 with initial seed capital raised from investors including Alameda Research, CMS, and Solana Labs. For users, their Risk Rating Algorithms help mitigate defi risks and offer yields on deposited LP even while leveraging that deposited collateral.
