Product

StableUnit (SU) over-collateralized stablecoin that automatically earns dividends directly in user’s wallets.

It uses the battle-tested CDP model of DAI and is backed by decentralized assets such as Bitcoin or Ethereum. But collateral doesn't stay idle - it provides liquidity to exchange and ending protocols to generate profit. Combined with profit from Forex, Lending and Liquidations -  this profit is split between StableUnits holders and DAO.

StableUnit holders receive auto-compounding dividends continuously every minute directly to their wallets such as MetaMask or Ledger - no action required. And unlike other stablecoins such as USDT - StableUnit can’t be frozen or confiscated.

MVP

The first version would be available on Polygon sidechain - cheap and fast. Users would be able to deposit Matic, Ethereum, wBTC and stablecoins.

MVP Use-cases

Users can deposit any kind of crypto assets as “deposit” and earn interest on it: Ethereum, Bitcoin, Matic etc.

Some assets need to have preparation steps to deposit: USDT gets swapped into DAI, bitcoin gets wrapped as renBTC. All this happens within the UI.

Deposits can be used as a collateral to borrow suUSD or suEUR.

Users can get suUSD on the market, such as 1inch, and by borrowing against their deposits.

suUSD and suEUR gets part of protocol profit directly on the wallet, continuously, every block.

MVP Examples

1. (buy stablecoin) Alice has $10,000 USDT. Alice goes to 1inch and swaps it suUSD with rate close to 1:1. Now she has 10,000 suUSD that every minute numerically increases on her wallet. She is able to swap it back to USDT at any moment of time. After 1 year she would expect to see 10500-11,000 suUSD.
2. (deposits) Bob has 10 ETH. By sitting in his wallet Bob doesn’t earn interest on them. Bob deposits 10 ETH to StableUnit. Now he gets some, although little interest. But he can borrow $30,000 suUSD against his deposit, which earns profit and returns it after 1 year and gets all profit for himself.
3. (±buy DAO token) Derek has $50,000 worth of crypto assets. He goes to 1inch and buys $50,000 of suDAO. Now he has a share of StableUnitDAO, and can vote, as well as receive part of %50 of system profit proportional to his stake.
4. (~liquidity acquisition defi 2.0) Carl has $100,000 worth of assets. He can sell this liquidity (converting to ETH via 1inch) for $110,000 worth of SuDAO that he gets in 5 days. In 5 days he automatically has his SuDAO deposited in the system, where he earns 100% APY. Apart from this, he can also borrow suUSD against his deposits and earn suUSD profit directly on this wallet.