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

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.

@df So as per the chart above, if 50% of the stablecoin is lent back to us, we can pay up to 10% for the locked in amount. You can play with the slider to see various scenarios of how yields would fare under different amounts of the stablecoin locked in the Stability Pool. Happy to discuss further.

CTO @a16zcrypto, lover of https://github.com/a16z/awesome-farcaster