Product Structure
In the DeFi space, there is a notable shortage of trading products that are not denominated in USD. The objective of nStables is to offer exposure to various international currencies in order to allow its users to diversify their portfolio. Portfolio diversification allows investor to access different strategies, such as carry-trade, that adhere to their risk tolerance and can potentially achieve higher returns compared to investments in USDC or DAI within the DeFi ecosystem.
What are nStables?
nStables are stablecoins that attempt to maintain a 1:1 peg to the value of a certain national currency.
nStables maintain parity by creating a very low-volatility reserve managed under strict standards, as detailed in nStables Reserve Management section. In this way, nStables are always over-collateralized through the nStable Reserve ("NR").
Why nStables?
nStables offers the possibility of implementing investment strategies similar to those in the world of traditional finance while still enjoying the advantages of the crypto/DeFi ecosystem. nStables is the first product to offer a set of solutions for gaining exposure to currencies other than the US dollar.
nStables available
Aimed to be the key to unlocking the full potential of worldwide currencies by offering yield through different mechanisms.
nARS: Argentine Peso Stablecoin (ARS)
The Argentine Peso (ARS) has been one of the best-performing currencies in 2024. This has generated significant international interest in investing in this asset. Due to the lack of instruments that allow for international exposure to this currency, nARS is very attractive to those who wish to make in this asset.
nStables Roadmap
In the next versions of the product we will add the following nStables:
nBRL: Brazilian Real Stablecoin (BRL)
Brazil is one of the biggest economies in Latin America. It is a strong economy participating actively in BRICS. nBRL is very attractive to those who wish to make directional investments in this asset getting exposure to the brazilian economy.
nMXN: Mexican Peso Stablecoin (MXN) Mexican carry trade has been one of the most interesting FX trade in the past years offering interesting returns for MXN holders.
User Access
nStables may be accessed directly or via the DeFi ecosystem. nStables have two types of users:
Primary users or "Type A Users": are those users that have been onboarded in compliance with all onboarding and KYC requirements as defined by the issuer. Such users may directly mint and redeem nStables from the issuer.
Secondary users or "Type B Users": are those users that have accessed nStables via secondary markets, including but not limited to exchanges, liquidity pools and other protocols.
nStables are currently available on different exchanges and on different DeFi applications such as pools and others:
numun.fi
Buenbit
Ripio
Trubit
Let's Bit
DeFi Composability
nStables are ERC-20 tokens deployed natively on BASE. This, combined with their features, makes it very easy for various protocols in the ecosystem to implement solutions that leverage the potential and functionalities of nStables. As ERC-20 standard tokens, they are also easy to integrate with crypto exchanges and wallets. For information on integrations with nStables, please visit the following sites:
Disclosure
All information provided in this Documents is for informational purposes only and should not be construed as investment advice. You should not take, or refrain from taking, any action based on any information contained in these Documents or obtained via nStables. We do not make any investment recommendations to you or opine on the merits of any investment transaction or opportunity. You alone are responsible for determining whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial circumstances, and risk tolerance.
Last updated