La Stabilité

stabilUSD is a token backed by a treasury of USD tokens. This allows a user to use cUSD to provide liquidity in both Mobius and Ubeswap, solving a zero-sum liquidity problem that currently exists

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Inspiration

Ubeswap and Mobius are fighting for scarce liquidity in a zero-sum way. This is bad for the ecosystem because if one protocol gets more liquidity, another protocol will definitely get less. Liquidity is important to both protocols to ensure good slippage between token pairs.

What it does

stabilUSD is backed by Mobius LP tokens. By minting stabilUSD, you are effectively adding liquidity to Mobius. Then, stabilUSD can be used on Ubeswap to pair with tokens like CELO to provide additional liquidity on Ubeswap.

How we built it

Solidity + React

Challenges we ran into

Technical design

Accomplishments that we're proud of

This project will create prosperity for all the protocols on Celo. Not only will this integrate Mobius and Ubeswap, but it can also unite all the different USD tokens coming from the new bridges (USDC/USDT for each bridge from each network), and create additional liquidity for Moola and Poof.cash.

What we learned

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What's next for La Stabilité

Supporting more assets in our treasury + expanding stabilUSD adoption

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