Tldr;

StableUnit (SU) is an easy, safe, and non-custodial gateway to digital assets for everyone. It’s yours to keep in your wallet, retaining its value against inflation while also earning returns. All without leaving your wallet.

Think of it as a fair monetary system with a predictable value guaranteed by cryptography that belongs to everyone, but is not controlled by anyone.

SU is overcollateralized by decentralized digital assets such as Bitcoin or Ethereum. This collateral doesn't stay idle - it provides liquidity to exchanges, and lending protocols to generate profit. This is then split between StableUnit holders and a finite number of governance token holders.

Use it to hedge in bitcoin for trades or just hold it in your wallet. Convert it to the currency of your choice at any time, with minimal technical knowledge.

StableUnit holders receive dividends directly to wallets - no action required, just hold SU anywhere. Unlike other stablecoins, StableUnit can’t be frozen or confiscated.

Join the global, digital economy in a fair and transparent system designed to protect ownership of the value you’ve earned!

Problem

There are currently more than 130 billions worth of stablecoins. The market is expected to continue growing substantially, faster even than the DeFi market, to ultimately resemble the off-chain economy. Stablecoins are faster, programmable, and yield higher interest compared to classical finance instruments. The advantages of stablecoins can result in substantial off-chain capital adoption as collateral for cheap fiat loans and further utilization on the blockchain. All of these can be a significant stimulus for stablecoins growth.

However, the vast majority of the stablecoins value is in the form of fiat-collateralized stablecoins like Tether and USDC. Decentralized stablecoins like DAI and sUSD make up only a small portion of the total stablecoin supply, meaning the vast majority of stablecoins are centralized and can freeze funds at any moment. Unlike banks, there's no one to bail them out.

There are two alternatives to centralised stablecoins: algo stablecoins and overcollateralized stablecoins. However these two types of stablecoins also comes with drawbacks:

1. The problem with algorithmic stablecoins is that most of them fail because their stabilization mechanism is insufficient by itself to build a reliable peg. It can stabilize only a portion of the supply and demand fluctuations, but any significant market changes can collapse the system.
2. Overcollateralized stablecoins are robust and reliable. Some of the great examples to mention are makerDAO DAI and LUSD. Though the problem with overcollaterilized stablecoins is that they can't scale. If only 25% of centralized stablecoin users would like to flow their capital into DAI, they won't be able to do so because the supply of existing overcollaterilized stablecoins wouldn't be enough.
3. Since all the stablecoins are pegged to the US dollar they are exposed to the same value inflation as USD. Meaning that the value of your capital stored in USD or any stablecoin is constantly decreasing.

Solution

StableUnit is a scalable, capital efficient, censorship resistant stablecoin secured by decentralized assets like Ethereum, and with a fair value distribution mechanism to protect its holders from inflation. In StableUnit, we combined the robustness and stability of overcollateralized stablecoins with a multilayer stabilization mechanism that makes it possible to scale. StableUnit protocol uses its controlled value in a capital efficient way to generate profit and distributes it directly to StableUnit users' wallets.

Execution phases

Our global roadmap contains 3 phases:

1. Overcollateralized stablecoin which utilizes collateral to generate profit and distribute it as dividends directly to users' wallets.
2. Multilayered stabilization mechanism that makes it possible to scale and accommodate any demand from billions of centralized stablecoins holders.