Introducing Stablecomp

Stablecomp
4 min readMay 6, 2021

What is Stablecomp?

Stablecomp makes it easy for users to assess opportunities to earn compound interest on their stablecoins, make allocations, and collect interest. Users can choose opportunities to stake stablecoins on multiple chains. The platform also provides risk assessment and reward data, allowing users a simple way to allocate their stable coins based on clear risk-reward criteria. All the yields are collected, added up, converted back into Stablecoin and reinvested for the user automatically.‌

Stablecomp is a project led by a known and accessible group of blockchain finance experts. We at Stablecomp aim to make all stablecoin investment processes easier, starting from researching the best opportunities, on to allocating assets and completing the picture with easy-to-use tracking and analysis tools.

Strengths‌

  • Stablecomp is a milestone for both newbies and experienced DeFi users when it comes to using stablecoins to earn income. This is blue water. No one else does what Stablecomp does.
  • Automatic immediate conversion of reward tokens to stablecoin tokens lets you earn compound interest.
  • Stablecomp facilitates the user’s informed choice of stablecoin return opportunities by carrying out an analysis of the risk of each vault through quantitative parameters.
  • The analytics page provides a user friendly view of the initial asset allocation, the realized returns and a 1-year projection chart.

Multichain

We envision Stablecomp as a mainstream service that anyone can use to access the best stablecoin staking opportunities. In order to achieve this, Stablecomp is designed to be a Multi Chain protocol. As shown in the roadmap, it will start on on Binance Smart Chain and soon add connection to Polygon, Avalanche, Ethereum and Mintlayer.

What is SCOMP Token

SCOMP has a limited supply of 200,000,000. Some of the tokens collected as platform fees will eventually be burned, reducing the supply of tokens and creating deflationary pressure.‌

At the time of the TGE, SCOMP will be native to Binance Smart Chain, but can be used via a bridge on all five supported chains.‌

In the future, SCOMP token may move to the Mintlayer protocol for greater efficiency and security.

☑ SCOMP allows its holders to benefit from governance rights in its DAO.

☑ SCOMP holders earn 50% of Performance fee

☑ Holders with at least 2500 SCOMP have access to insured pools

☑ Holders with at least 2500 SCOMP have access to the Analytics section

The matrix

The matrix makes the job of selecting stablecoin annuity opportunities quick and easy.
It offers the user a synthetic analysis of all stablecoin pools present on the apps of the selected chain, organizing them by risk and return.

Columns represent the RISK, sorting it into LOW, MEDIUM and HIGH levels. Vaults are assigned to each column after a quantitative and statistical analysis of several parameters held by Stablecomp.

Rows represent the RETURN, sorting vaults by decreasing APY calculated in an homogeneous and comparable way.

The power of automatic-self composition

The automatic self-composition mechanism based on our smart contract strategies permits to easily earn compounded yield in a single asset by depositing and withdrawing only the user’s favourite stablecoin.

👨‍💻 The user chooses a pool in the Risk/Return matrix, then deposits the eligible stablecoin of their choice.‌

🔀 Stablecomp automatically swaps the stablecoin deposited on a DeFi exchange to get a pair.‌

📥 The obtained assets are then staked in a Liquidity Pool giving back Liquidity Pool Tokens (LPTs).‌

🚜 LPTs flow into a farm where they generates reward tokens (RT) and store Swap Fees.‌

🔁 Stablecomp automatically compounds the Swap Fees in the farm and sells the reward tokens to increase the LPTs holdings.‌

💰 User, with a simple click, can withdraw and claim their earnings in the form of the stablecoin they prefer.

Analyze your yield

We believe it is essential for a platform that aims to provide easy DeFi access to support its users’ need to monitor their asset allocation and track their returns over time.

In particular, users will be able to keep track of their ongoing investments through three simple graphs, allowing them to:‌

📊 Analyze asset allocation‌

Before looking forward, it is crucial to have a clear view on our starting point. With Stablecomp, the user is able to visualize which stablecoins they own and in which farms they deposited them.‌

💰 Visualize realized returns‌

Once the journey begins, the user can visualize the obtained outcomes so far, while keeping an eye on the future with the projection chart.‌

📈 View a 1-year projection yield chart

Simplifying is the key

With Stablecomp, we want to make all the investment process easier, starting from the research of the best opportunities, up to the analytics tracking and analysis.

Follow us on our channels to discover more about the project!

🌐 Website| 🐤 Twitter | ✈ Telegram | 💻 GitHub

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Stablecomp

The first DeFi platform to easily manage and earn interests on your stablecoins. 💻https://www.stablecomp.com/