Today we are excited to announce the launch of a new StableVault. This vault, the s4D StableVault, is a 4-way pool between DAI.e, FRAX, TUSD, and USDT.e.
We are launching this vault in conjunction with the AB Bridge migration. Due to the new AB Bridge tokens, our previous StableVaults will soon be outdated. The s4D StableVault will replace the previous s3D and s3F StableVaults.
In addition to the AB Bridge migration, the s4D StableVault is being launched in preparation for lending strategies. Benqi plans to launch lending solutions this month and Trader Joe plans to offer leveraged trading soon. New strategies will be created which use the s4D vault to lend to these protocols and increase StableVault APRs.
What is the s4D StableVault?
The s4D StableVault is the liquidity pool for DAI.e, FRAX, TUSD, and USDT.e stablecoins. By depositing any one of these stablecoins into the vault, you are adding liquidity so that other people can trade between these stablecoins.
By supplying liquidity, you are entitled to a cut of the fees from people who make transactions in the StableVault. Additionally, you can earn SNOB rewards* by staking your deposit into our Compound & Earn page.
Read more about StableVault here.
*SNOB rewards are given once voted on through Snowball’s gauge system.
AB Bridge Migration
The s4D StableVault uses tokens from the new AB Bridge. These tokens (DAI.e and USDT.e) can be bridged over on the AB Bridge website. Alternatively, you can swap the old DAI and USDT for the new DAI.e and USDT.e on the AB Bridge migration page.
What is Frax?
Market Cap: $262,951,881
Frax is the first fractional-algorithmic stablecoin protocol and is open-source, permissionless, and entirely on-chain. The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC.
Website: https://frax.finance/
Docs: https://docs.frax.finance/overview
Medium: https://medium.com/avalancheavax/frax-expanding-dollar-pegged-stablecoin-to-avalanche-37efebf84a81
What is TrueUSD (TUSD)?
Market Cap: $1,304,195,958
TrueUSD is the first regulated stablecoin, fully backed by the US Dollar. It has native Avalanche integration so that users can deposit and withdraw between their bank account and the Avalanche C-Chain.
Website: https://www.trueusd.com/
Medium: https://trueusd.medium.com/trueusd-launches-natively-on-avalanche-bringing-us-dollar-liquidity-to-its-defi-ecosystem-fed2c6d25220
About Snowball
Snowball is an auto-compounder for liquidity rewards and an automated market maker (AMM) for stablecoins. It was the first auto-compounder launched on Avalanche and it prides itself on being entirely community run. If you’d like to be a part of Snowball, join the conversation in Discord or Telegram. Stay up to date on our Twitter.
