AMA Recap — ProBit Global X Stabull Finance ($STABUL)
Speaker 1: Sebastian Ergo — Product Team Lead
Speaker 2: Jamie McCormick — CMO
Speaker 3: Jason H — Operations
Part 1 — Introduction
👋 Welcome everyone to today’s AMA with Stabull Finance (STABUL)!
I’m Shiraz, your host from the ProBit Global team. We’re excited to have the team from Stabull Finance joining us today to talk about their project and what’s ahead. Team, Can you give our community a quick intro to yourselves, the project and the vision behind STABUL?
Sebastian Ergo — Hi all, I’m Seb and I lead the Product Team at Stabull. l’ve been with Stabull since the start, initially working on the math behind the AMM & pricing curve, and now work with our dev team on releasing new features to the dapp & planning future releases.
The vision behind Stabull was to answer an obvious need in the market. The stablecoin market has been dominated by USD stablecoins, BUT non-USD or “local stablecoins” as well as RWA’s like tokenized gold and bonds are now launching, and finding huge demand. But there is not currently a home for these assets, they are not properly served by generalized DEX’s like Uniswap or Curve and lack yield opportunities for their holders.
That’s where Stabull comes in, soon to be the primary liquidity layer for stablecoins and RWA’s on-chain.
Jamie McCormick — Hi everyone, I’m Jamie and between myself and the other CMO I manage all of the marketing and most of the communications for the project. If you’re on our Discord, you’ll know me as Jammers there. Looking forward to answering questions from sunny 🇮🇪
Jason H — Hello everyone! A few of you may have seen me on Twitter or LinkedIN, I recently joined the team in operations, and I am focused on project management, and helping organize and boost all the work flows inside of Stabull. I come from a crypto background and am working with early startups to help them grow and execute.
Shiraz — Welcome Sebastian, Jamie and Jason!!! This squad is looking like a tightly-knit unit…. massive experience and expertise present! Thanks for the introductions gentlemen! Now, let me lead us to the next segment of this AMA — The pre-collected questions from our community!
Part 2 — Pre — Collected Questions
- Q1: @Trathoa from twitter asks:
How does Stabull Finance ensure the stability and pegging mechanism of its stablecoin, especially during periods of high market volatility?
Sebastian Ergo — First of all, The $STABUL token is NOT a Stablecoin. That’s quite important.
The $STABUL token is a governance token like $UNI or $CRV. But unlike Uniswap or Curve, Stabull Finance is built specifically for stablecoins & RWA’s.
The key difference is that Stabull uses off chain oracles (e.g. the price of EUR/USD) to determine pricing and liquidity distribution in a pool.
This solves the problem of large slippage / stale pricing for traders whilst providing a more capital efficient and sustainable yield option for LP’s / token holders, both of which are known barriers for local stablecoin growth. If the price of JPY/USD goes up (offchain), other AMM’s will have no knowledge of this, and have to wait for arbitragers to move the price inline (which results in losses to LPs).
On Stabull, this offchain price is brought onchain by an oracle (Chainlink), and used to dynamically realign pricing, so traders can purchase a JPY stablecoin as close as possible to the JPY price.
This chart shows it too:
So, the black line is the ‘normal’ off-chain price, and the pink is uniswap, with the difference being how often it’s out of line with the markets. Stabull’s approach means we are sticking closer to that, whereas everyone else in DeFi is giving ‘stale’ prices.
- Q2: Modular Things from Telegram asks:
Stabull’s Liquidity Mining Program rewards liquidity providers with $STABUL tokens. What strategies are you implementing to attract and retain liquidity providers, especially for less common non-USD stablecoin pairs?
Sebastian Ergo — First of all, anyone can be a liquidity provider on Stabull. You just need to deposit two tokens (e.g. BRZ & USDC), and you start earning yield.
Yield opportunities have always been a barrier for non-usd stablecoins and new RWA tokens. People don’t just want to hold the token, they want to earn something. So Stabull acts as the first (and perhaps most lasting) yield opportunity for a lot of these newer stablecoins. Compared to more blackbox defi yield protocols, Stabull’s yield is also more transparent & easier to understand. When people swap between tokens in a pool, they are charged a small fee, and that is given to the LP’s as yield.
And yes this yield is also supported by the Stabull Liquidity Mining Program. Where Liquidity Providers (LPs) who stake their LP tokens, can earn extra yield in the form of $STABUL tokens. That is the primary strategy for attracting liquidity providers.
We do and can work with issuers as well in a variety of ways, often they’re pretty restricted in what they can do, or are working out of a primary or “home” exchange which might have basic spot trading functionality, and we’re able to give them a way to generate yield via the pools. That’s a big issue for many of the new stables, but as we’re focused on that, we can highlight them to both their own user base, as well as users and holders of other stables.
Discoverability on the likes of UniSwap can be very difficult, think of the app store for mobile apps, if you’re a new entrant to the market, it’s difficult to get visibility among the heavyweights.
Jason H — We also have fun, periodic contests on Discord with TaskOn and other platforms to help introduce new users to our ecosystem, and we plan to continue to have small reward systems in place for beginners to help our community grow. We encourage everyone to join our Discord and learn more.
Sebastian Ergo — Yes as @bmt_j says this is a platform built by issuers, for issuers. So we want them to be a big part of governing the project direction, by being primary LPs in their token’s pool. Having deep liquidity on Stabull benefits issuers in a few ways…. (1) low slippage swaps for their users, (2) capital efficient yield for their holders, and (3) relieving peg pressure for their token (since Stabull pricing is naturally drawn back to the peg).
- Q3: @ozguvercin from Twitter Asks:
As a DEX focused on non-USD fiat-backed stablecoins and tokenized real-world assets (RWAs), Stabull Finance occupies a unique position in the market. What was the primary motivation behind this vision? Also, how do you believe providing 24/7 access to traditional forex markets will fill a gap in the DeFi ecosystem?
Jamie McCormick — On the first bit, we’re from parts of the world where we don’t use USD.
And day to day we’re working across various currencies, for instance in the same day I can be alternating with crypto, stables, euro, sterling, dollars, reals
and the fx market is huge, but it only runs a few hours a day four or five days a week. And even right now with the USD going up and down against the euro.
This is just the last little while, so people could gain extra if they played their cards right between crypto & usd & euro
Sebastian Ergo — I’ve touched on the initial vision… speaking to a lot of non-usd issuers, and hearing the same problems come up: fragmented liquidity & lack of yield opportunities.
The motivation is easy, the global FX market clears over $7 trillion in volume every day. If just some of that volume moves onchain, it will need a core piece of stablecoin infrastructure like Stabull to clear through. Lack of access to payment rails and financial markets (as well as high cost for e.g. remittance) is a huge problem around the world that stablecoins will solve. We are extremely excited to be an important piece of that change.
Jason H — One of our Stabull tweets really makes it real for me as I’m visiting parts of LATAM. Imagine your Dad or mom has to leave the country to go work in a foreign place and send money back home just to provide the basics because your local economy is broken. It’s heart breaking, but worse is that most of that money that they earn gets eaten up by middleman fees. 😢
The global remittance problem is real. Today’s system runs on ancient correspondent banking rails: slow, packed with middlemen, high fees. Many users never even get access. We fix this with permissionless, instant FX swaps between local fiat-backed stablecoins with verified assets. The fees for moving stablecoins are much lower than these payment providers, and by using Stabull we work to keep those fees down and help people cut out those middlemen.
Sebastian Ergo — Onchain FX is big, but cross border payments & remittance is another huge use case, where stablecoins & Stabull will be extremely disruptive, especially in underserved geographies and smaller payment corridors. The world is at the mercy of the prehistoric Correspondent Banking system at the moment (for sending money to a different country), but we are hoping that will soon change.
- Q4: MD SHAMIM HOSSAIN on Telegram asks:
What security protocols and audits has Stabull implemented to ensure the safety of user funds and data?
Sebastian Ergo — Stabull has completed 3 separate audits with RD Auditors. The first was for the core AMM contracts, the second for the Vault contracts and finally the STABUL token itself. All of these can be found here: https://docs.stabull.finance/ecosystem/audits
We are very much a security-first project. Trust & Transparency is important for attracting liquidity and users. So please do join our discord if you have any questions about the protocol contracts or security concerns. Our github is here: https://github.com/stabull
All our protocol contracts and treasury wallets are owned by multisig wallets. And have plans to involve the community in ownership or signing as part of our progressive decentralisation roadmap. That will be even more important as we roll out the governance platform.
- Q5: John Wick from Twitter Asks:
How does Stabull Finance ensure capital efficiency for liquidity providers, and what mechanisms reduce impermanent loss compared to other DEXs?
Sebastian Ergo — Great question, and probably one I can’t type fast enough to answer completely. Capital Efficiency, for those that don’t know, is a measure of:
(1) how effectively an LP’s deposited liquidity is used to generate yield.
(2) the amount of swap volume an AMM can support for every dollar of liquidity.
The more volume an AMM can support (while keeping prices stable), the more fees that are generated, and the greater the yield for LP’s.
Each modern AMM has their own approach on how to best distribute liquidity to where it’s needed (on the pricing curve) i.e. where the trading will happen. Curve uses an internal/lagged oracle, UniswapV3 uses liquidity bands.
Stabull uses offchain Oracles. This is because we are focused on Stablecoins & Other RWA’s. And unlike other cryptos, the majority of price discovery for these assets occurs offchain. So you’d be silly to not use this information.
Jason H — Also, as we grow, adding more chains like BASE and Solana, and integrating with DEX aggregators, we will ensure more efficient trade execution, which helps in maintaining balanced asset ratios in our pools, reducing the need for rebalancing, and mitigating LVR.
Sebastian Ergo — Another way to think of it is that Stabull is a proactive AMM. When arbitrageurs move prices on other AMM’s they are profiting at the expense of LPs (the pool doesn’t know that JPY has gone up in price offchain so it sells it to an arb for cheap). On Stabull the idea is that pricing (liquidity distribution) will move proactively, so it’s not selling cheap JPY to an arb, and hence better protecting the LPs capital.
Shiraz — Awesome guys, that brings section 2 of this AMA to an end, and brings us to Part 3, which is the LIVE QUIZ!
Part 3– Live Quiz
Question 1: What chains is Stabull currently deployed on?
Answer: Ethereum and Polygon
Question 2: What do Stabull pools use to dynamically recenter liquidity and provide real-world pricing?
Answer: Oracles.
Question 3: TRUE or FALSE: the $Stabul token is a stablecoin.
Answer: False
Question 4: On what leading global exchange can you currently participate in Stabull’s public sale?
Answer: ProBit Global
Question 5: Name a token (Stablecoin or RWA) that is currently listed on Stabull?
Answer: NZDS, TRYB, BRZ, COPM, PAXG, JPY, USDC, PHPC.
Part 4 — Bonus Live Quiz
- Question 1 is from @/chrismi_lo
On which network or Where can I currently buy your token?
1) BSC chain
2) Tron
3) Ethereum
4) Polygon
5) Arbitrum
6) Solana
7) Polkadot etc
Or can share any other network name?
Answer:
Jamie McCormick — We have counted 15 fake tokens across bnb, solana and base. The token is ONLY on Polygon and Ethereum (https://x.com/stabullfinance/status/1916896441269653581).
All of these pools are fake, there is nowhere other than ProBit that is selling the token right now, all presales are finished, and the listing will follow exclusively on ProBit, nowhere else. So if you’re buying these tokens, it ain’t ours.
- Question 2 is from @/@RazvanFLX
Is your $STABUL platform suitable for crypto beginners? Or is it only limited for professional users?
Answer:
Sebastian Ergo — Yes, Stabull is very suitable for beginners and is part of our GTM strategy. We see stablecoins and onChain FX as a great stepping stone for people new to crypto and defi. A tokenized version of your local currency is a lot easier to understand and understand its value, than other cryptos. We want to attract the crypto curious and help them learn about wallets, defi and blockchain as a whole.
- Question 3 is from @/MuthuK_rishnan
What is your strongest advantage that you think will make your team leading the market?
Answer:
Jamie McCormick — Because we’re laser focused on what we do (RWA’s and Stablecoins), instead of a berzillion tokens launching every day, we can really work with issuers to nurture their communities. That means we can help grow their communities by offering stuff they can’t, and as well as expose them to multiple other stables.
- Question 4 is from @/Rock_309
Do you allow suggestions and feedback from the community? Are we allowed in decision making, do you put community into consideration?
Answer:
Sebastian Ergo — Yes absolutely. Join our discord (discord.stabull.finance) to get involved or ask questions!
- Question 5 is from @/Xavi_Simons11
Do you have tutorial videos so we can get to know your project more clearly? or do you have a YouTube channel or something? Can you share it with us?
Answer:
Jamie McCormick — Yes, we have a youtube: https://www.youtube.com/@Stabull.Finance with some intro videos and explainers.
Also a Twitter Space roundtable discussion from last week is up there: https://www.youtube.com/watch?v=-5rLs6_hGxk which covers some interesting topics.
With that, we wrap up our AMA! A huge thank you to everyone who participated and contributed to making this AMA a great success! Special thanks to the Stabull Finance team for an insightful and engaging AMA session. We’re confident our community now has a deeper understanding of the Stabull Finance project and its vision!
ABOUT PROBIT GLOBAL
Founded in 2018, ProBit Global is a Top 20 cryptocurrency exchange offering access to more than 800 cryptocurrencies and over 1000 different markets. ProBit Global aims to position itself as a world-class exchange for both crypto enthusiasts and novice investors, and boasts a user base of more than 5,000,000 users globally.
With a powerful crypto trading interface, smooth integration for automated crypto trading bots, fiat on-ramp support for over 100 currencies, and a multilingual website in 50 languages, ProBit Global has all the features to make your cryptocurrency trading experience seamless and intuitive.
To learn more, visit the ProBit Global website at https://probit.com
ProBit Global Telegram: https://t.me/ProBitGlobalOfficial
ProBit Global on X: https://x.com/ProBit_Official
ProBit Global Discord: https://discord.com/invite/uK7hayUHxu
Contact
M. Shiraz Shafqat
ProBit Global
marketing@probit.com
