
Bitalk|May 12, 2025 07:52
🔸 How to participate in the $45 million stablecoin agreement @ StablesLabs?
🔸 Stables Labs, Formerly known as USDX Money, it is a stablecoin infrastructure.
🔸 They raised $45 million in November last year, with investors including well-known venture capitalists such as Dragonfly and NGC Ventures.
🔻 Stables Labs is currently conducting an S points activity, let's briefly introduce how to participate.
🪙 USDX and sUSDX
The first product of Stables Labs is USDX, which is a synthetic US dollar stablecoin that adopts a delta neutral hedging strategy.
The assets pledged by the user will be used to construct a delta neutral investment portfolio of "long spot+short perpetual contracts", thereby making the overall asset risk exposure close to zero.
SUSDX is a pledged version of USDX, a yield type stablecoin. Holding sUSDX allows users to share the profits generated by the agreement.
USDX utilizes the funding rate and basis of Perps to earn profits, which will flow back to the holders of USDX.
The amount of sUSDX held by the user will not increase, but its unit price will continue to increase, from 1.02 USDX to 1.1 USDX.
Finally, it is worth mentioning that Stables Labs will also launch a new product USD0x in the future, which is a digital dollar supported by short-term US treasury bond bonds.
🪂 How to participate in their S points season activities?
S points are the core indicator of Stables Labs' incentive program.
They ended the points campaign for the S1 season on January 27, 2025, with over 50000 participants at that time.
Then Stables Lasb launched the S2 season event on March 3, 2025, where users can earn S points by providing USDX and USDX stablecoin liquidity, including:
▪️ Simply hold the underlying assets USDX and USDX
▪️ Provide stablecoin LP pairs in protocols such as Balancing, Curve, and Bancake
▪️ Deposit sUSDX into the lending market Lista DAO
▪️ Pledge USDX to Pledge Agreement Pell Network
▪️ Deposit sUSDX into Yield Swap platforms such as Pendle&Spectra
It should be noted that when providing stablecoin LP pairs, there is a proportional relationship between "total asset value~point multiplier":
For example, holding assets with a production capacity greater than 5000U earns 1.5x points; Holding assets with a production capacity greater than 10000U earns 2x points.
In addition, it is worth mentioning that Stables Labs also introduced Epoch activities during the S2 season:
Each epoch lasts for 14 days and has a 'limited time activity'. Performing certain specific actions will earn an additional 20% S points bonus.
For example, Epoch4's activity uses Pendle YT/Balance LP, while Epoch5's requirement is only to hold USDX assets.
View the S2 activity page: https://app.usdx.money/airdrop
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