https://github.com/jeevan4476/StableGuard
Introduction to StableGuard
How StableGuard works
Target Audience
Technical Info
Protocol fees
References
Stablecoin depegging events pose a significant systemic risk within the DeFi ecosystem, potentially causing cascading liquidations and loss of confidence. Currently, accessible and transparent tools specifically designed to hedge this risk on-chain are limited. This project aims to provide a necessary financial primitive on Solana, allowing users to manage stablecoin risk more effectively and increasing overall ecosystem stability.
StableGuard is a decentralized insurance protocol built on the Solana blockchain designed to address the systemic risk of stablecoin depegging events within the DeFi ecosystem. It provides a transparent, on-chain marketplace where users can hedge against the risk of major stablecoins (initially USDT and USDC) losing their peg, while liquidity providers can underwrite this risk to earn yield.
lets understand with an example:-
1: User:-
User wants to insure their assets for 7 days.
Pay the premium and policy is created.