Introducing Stabull Finance, the stablecoin & RWA focussed DEX

Stabull Finance: A DEX for Stablecoins and RWAs with Low Slippage

The cryptocurrency landscape continues to evolve rapidly. From Bitcoin's introduction of decentralized money to Ethereum's smart contracts and the rise of DeFi, we've witnessed remarkable innovation. Within this ecosystem, stablecoins emerged as a vital bridge, delivering crypto's advantages—speed, affordability, global accessibility—without the volatility typical of assets like Bitcoin or Ether.

Yet challenges persist. While USD-pegged stablecoins like USDC and USDT dominate the market, accessing stablecoins pegged to other currencies (Euro, Yen, Brazilian Real) or tokenized real-world assets (RWAs) like gold remains inefficient. The enormous global Foreign Exchange (FX) market barely has a presence on blockchain, particularly for non-USD pairs.

Enter Stabull Finance

Stabull is not just another cryptocurrency exchange. It's a specialized, next-generation Decentralized Exchange (DEX) with a clear mission: to become the central liquidity hub for all local stablecoins and tokenized Real World Assets on blockchain.

Think of it as building the essential financial infrastructure that the growing world of stablecoins and digital commodities urgently needs.

The Problem: A Market Gap

Before exploring Stabull's solution, let's examine the problems it addresses:

USD Dominance: The stablecoin market is overwhelmingly USD-centric. For those holding Euros, Yen, or Singapore Dollars wanting to use them in DeFi, finding efficient ways to swap them for stablecoin equivalents (EURS, GYEN, XSGD) or other non-USD stablecoins is often difficult and costly. While traditional FX markets see massive non-USD volume (around 40%), on-chain this figure drops below 1%—revealing a significant opportunity.

Traditional FX Inefficiencies: The global FX market operates on outdated systems. Transactions involve multiple intermediaries, resulting in higher fees, slower settlements (often days), and limited operating hours. Stablecoins offer a solution, enabling near-instant, 24/7 cross-border transfers with lower costs.

RWA Trading Barriers: Tokenizing real-world assets like gold (PAXG) brings them onto blockchain, unlocking new possibilities. However, specialized platforms are needed to trade these efficiently against various currencies at accurate Crypto market prices.

AMM Limitations: Existing DEXs often use Automated Market Maker models unsuitable for assets with stable but not 1:1 relationships, like different fiat-backed stablecoins or stablecoins and commodities. Early AMMs spread liquidity too thinly, causing high slippage. Later versions improved capital efficiency but struggled to track real-world FX rates accurately.

Stabull emerged directly from discussions within the non-USD stablecoin issuer community, who needed a reliable, liquid, and efficient platform for their users.

What is a DEX and How Does Stabull Fit In?

Centralized Exchanges (CEXs): Platforms like Coinbase or Binance require account creation, KYC verification, and fund deposits into their custody. They match buyers and sellers using traditional order books.

Decentralized Exchanges (DEXs): Platforms like Uniswap, Curve, and Stabull operate differently. There's no central entity holding your funds. You connect your crypto wallet directly to the platform, and trades happen between your wallet and the liquidity pool, facilitated by smart contracts. This non-custodial approach means you maintain control of your assets.

Most modern DEXs, including Stabull, use an Automated Market Maker (AMM) system instead of a traditional order book.

What is an AMM?

Think of an AMM as a token vending machine. Instead of matching buyers and sellers, an AMM uses asset pools provided by users (Liquidity Providers or LPs). Prices are determined automatically by a mathematical formula based on the ratio of assets in the pool.

When someone buys Token A using Token B, Token A's supply in the pool decreases, and its price rises according to the formula. When someone sells Token A for Token B, its supply increases, and price falls.

LPs who deposit assets into these pools earn fees from trades. AMMs ensure constant liquidity, even for uncommon pairs, though prices may become unfavorable if the pool is small or imbalanced.

Stabull's Innovation: The 4th Generation AMM

Stabull employs what it calls a 4th Generation AMM, specifically designed for stablecoin and RWA swaps, building on previous generations:

Gen 1 (e.g., Curve v1): Focused on 1:1 pegged assets using a hybrid curve for low slippage near the peg.

Gen 2 (e.g., Curve v2, DFX): Adapted for assets without fixed 1:1 pegs, introducing dynamic "repegging" based on calculations or external price feeds.

Gen 3 (e.g., Uniswap v3): Introduced "concentrated liquidity," allowing LPs to provide liquidity within specific price ranges, improving capital efficiency but increasing complexity.

Stabull refines these elements, with its core innovation being how it dynamically concentrates liquidity around an off-chain FX or commodity oracle price.

Why Off-Chain Oracles Matter for Stabull:

Blockchains don't inherently know real-world prices like Euro/Dollar exchange rates or gold prices. Oracles securely feed this external data onto the blockchain. Stabull uses trusted providers like Chainlink.

This approach offers several advantages:

Real-World Accuracy: For FX stablecoins and RWAs, price discovery happens in traditional off-chain markets. Stabull's AMM uses oracle prices as reference points, ensuring exchange rates closely track real-world market rates.

Lower Slippage: By centering liquidity around current oracle prices, Stabull offers minimal slippage, especially for larger trades. This means less value lost during transactions.

Reduced Impermanent Loss: Stabull's AMM automatically adjusts liquidity concentration based on oracle prices, significantly reducing the divergence causing impermanent loss for LPs providing liquidity for pairs like EURS/USDC.

Peg Stability: By facilitating swaps at rates close to real-world FX pegs, Stabull helps stablecoin issuers maintain their peg integrity.

Capital Efficiency: Stabull focuses liquidity where most needed, meaning LP capital is used effectively to facilitate trades and generate fees.

Stabull's "proactive" AMM actively uses oracle feeds to keep internal pricing aligned, providing better rates for traders while protecting LPs.

Core Features: What Can You Do on Stabull?

Stabull focuses on "low slippage stablecoin swaps and capital efficient liquidity pools." Key features include:

Swapping Stablecoins and RWAs:

Process: Connect your compatible wallet, select input and output tokens, enter the amount, and confirm the transaction.

Supported Assets: Trade growing list of non-USD stablecoins (EURS, GYEN, TRYB, NZDS, BRZ, XSGD, PHPC, COPM) and RWAs (like PAXG gold) primarily against USDC.

Multihop Swaps: Even without direct pools, Stabull's router can perform swaps through intermediate pools in a single transaction.

Fees: Users pay blockchain network gas fees plus a 0.15% Stabull protocol fee per pool utilized.

Providing Liquidity:

Process: Deposit both assets in a trading pair proportionally to receive LP tokens representing your pool share.

Earning: LPs earn 70% of the 0.15% protocol fee (effectively 0.105% of swap volume), distributed proportionally.

Withdrawing: Liquidity can be withdrawn anytime with no lock-up period.

Liquidity Mining & Staking:

$STABUL Token: LPs can stake their LP tokens in "Vaults" to earn additional $STABUL token rewards beyond trading fees.

Program Details: 30% of total $STABUL supply is allocated to this program, distributed over 10 years via a decreasing emission schedule.

Sustainability: A portion of swap fee revenue is used to buy back $STABUL from the market and replenish reward pools.

Supported Assets and Blockchains

Stabull currently operates on:

• Ethereum: The original smart contract platform with high security but higher fees

• Polygon (Matic): Layer 2 solution offering lower fees and faster transactions

• Base: Layer 2 incubated by Coinbase, planned for Q3 2025

Supported Stablecoins include EURS (Euro), GYEN (Japanese Yen), TRYB (Turkish Lira), NZDS (New Zealand Dollar), BRZ (Brazilian Real), XSGD (Singapore Dollar), PHPC (Philippine Peso), and COPM (Colombian Peso).

Supported RWAs currently include PAX Gold (PAXG) on Polygon, with plans to integrate other precious metals and tokenized commodities throughout 2025.

Asset Eligibility Criteria

Stabull lists assets based on:

• Audited & transparent reserves

• Known team behind the asset

• Presence on supported blockchains

• Technical standard compliance

• Active trading in established markets

Issuers can apply to have their assets listed, with $STABUL holders potentially having fast-track options.

Stabull's Unique Selling Points

• Specialist Focus: Dedicated venue for non-USD stablecoins and tokenized RWAs

• Launchpad for Stablecoins: Essential infrastructure for non-USD stablecoins

• Oracle-Driven Accuracy: Real-world prices ensuring efficient swaps

• Capital Efficiency: Maximized LP capital utilization

• Competitive & Sustainable Fees: Structure benefiting traders, LPs, and platform development

• Security & Transparency: Non-custodial operation with regular audits

• Community Roots: Originated from stablecoin issuer needs

• Accessibility: Permissionless, 24/7/365 operation

Current Status and Future Plans

Stabull is operational, having processed over $3.7 million in swap volume across tens of thousands of transactions since late 2024.

$STABUL Token Public Sale: Launching via Initial Exchange Offering on ProBit Global starting April 16th, 2025, with first-round tokens priced at $3.00 each and total supply capped at 10 million.

Future Roadmap includes:

• Progressive decentralization via DAO governance

• Multi-chain expansion

• More asset listings

• Feature enhancements like limit orders

• LVR (Loss Versus Rebalancing) implementation

Building the Future of On-Chain FX and Commodities

Stabull Finance addresses an underserved niche in DeFi by providing a specialized platform for non-USD stablecoins and tokenized real-world assets, delivering value to:

Traders: Access to global currencies and commodities with low slippage and competitive fees Liquidity Providers: Attractive yields with reduced impermanent loss risk Issuers: Vital liquidity venue to increase adoption and stability DeFi Ecosystem: Robust infrastructure bridging traditional finance and blockchain

With its platform already demonstrating traction and the upcoming public launch of $STABUL, Stabull is positioned to play a key role in the evolution of decentralized finance, democratizing access to global financial markets on blockchain.