Today, I'm very excited to reveal  @parabol to the world!

As heavy users of stablecoins and coming from a country with capital control, we set out to tackle one of the toughest problems in the world of crypto: A regulatory compliant, universally accessible, permissionless stablecoin protocol with superior yields

Congrats on the launch! Any chance you could explain this line - risk free rates superior to T-bills and this graph? I don't quite understand it or where the superior yield is coming from if its collateralized by t-bills and risk free

high yield stablecoins @ /parabol | @orangedao 


Building FOSS via @frames, /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

thanks! whats the downside of lending to you? won’t there be wrapped lent tokens to mitigate these downsides

Happy to. So the yield accrues only to those that lend their stablecoin to the Stability Pool. While we receive around 5% on %100 of our Reserve Assets (i.e the USD collateral) we pay out only to those who lend to us.